Amprius Technologies (NYSE:AMPX) Trading 2.1% Higher – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX) traded up 2.1% on Monday . The stock traded as high as $13.13 and last traded at $12.50. 7,410,040 shares traded hands during trading, a decline of 18% from the average session volume of 9,026,107 shares. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMPX shares. Needham & Company LLC assumed coverage on shares of Amprius Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Roth Mkm set a $14.00 price objective on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Finally, Cantor Fitzgerald boosted their price objective on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.57.

Amprius Technologies Price Performance

The company’s fifty day moving average is $10.48 and its two-hundred day moving average is $10.24.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $21.43 million for the quarter, compared to analyst estimates of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. Analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Constantin Ionel Stefan sold 492,827 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at $9,014,299.84. This represents a 39.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the sale, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This trade represents a 40.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,399,331 shares of company stock worth $37,048,615 in the last quarter. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently made changes to their positions in the stock. Voloridge Investment Management LLC purchased a new stake in Amprius Technologies in the 3rd quarter valued at $19,737,000. BNP Paribas Financial Markets raised its stake in shares of Amprius Technologies by 1,117.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after acquiring an additional 1,784,291 shares during the period. Vanguard Group Inc. lifted its stake in Amprius Technologies by 37.0% during the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after purchasing an additional 1,757,395 shares in the last quarter. Invesco Ltd. boosted its holdings in Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after acquiring an additional 1,263,846 shares during the period. Finally, Stephens Investment Management Group LLC purchased a new position in shares of Amprius Technologies in the third quarter valued at approximately $11,392,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.