Amprius Technologies (NYSE:AMPX) Trading 3.6% Higher – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX) traded up 3.6% during trading on Wednesday . The stock traded as high as $12.02 and last traded at $11.9940. 7,339,968 shares traded hands during trading, a decline of 4% from the average session volume of 7,633,845 shares. The stock had previously closed at $11.58.

Analyst Upgrades and Downgrades

AMPX has been the topic of several research analyst reports. Roth Mkm set a $14.00 price target on Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Northland Securities set a $20.00 price target on Amprius Technologies in a report on Tuesday, October 7th. Cantor Fitzgerald upped their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Amprius Technologies Trading Up 3.6%

The firm has a 50-day moving average of $10.14 and a 200 day moving average of $9.94. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -46.13 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. As a group, research analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total value of $476,330.55. Following the transaction, the director directly owned 1,403,651 shares of the company’s stock, valued at $15,482,270.53. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock in a transaction 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 sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This trade represents a 39.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,359,641 shares of company stock worth $36,572,335 over the last 90 days. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Amprius Technologies by 14.7% during the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock valued at $124,000 after purchasing an additional 1,516 shares during the last quarter. Focus Partners Wealth grew its position in shares of Amprius Technologies by 9.3% during the 3rd quarter. Focus Partners Wealth now owns 26,484 shares of the company’s stock valued at $276,000 after buying an additional 2,245 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Amprius Technologies by 17.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock worth $81,000 after acquiring an additional 2,873 shares during the period. Bank of America Corp DE raised its stake in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after acquiring an additional 3,532 shares during the last quarter. 5.04% of the stock is currently owned by 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.