Amprius Technologies (NYSE:AMPX) Shares Up 4.5% – Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price traded up 4.5% on Thursday . The stock traded as high as $11.56 and last traded at $11.56. 8,002,695 shares traded hands during trading, a decline of 1% from the average session volume of 8,070,598 shares. The stock had previously closed at $11.06.

Analyst Upgrades and Downgrades

Several analysts have commented on AMPX shares. Cantor Fitzgerald raised their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Craig Hallum began coverage on shares of Amprius Technologies in a report on Monday. They set a “buy” rating and a $17.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Needham & Company LLC began coverage on Amprius Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $20.00 target price for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

Amprius Technologies Trading Up 4.5%

The firm’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.45. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -44.46 and a beta of 2.99.

Insider Transactions at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 25,366 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.16, for a total value of $257,718.56. Following the completion of the sale, the chief technology officer owned 723,330 shares of the company’s stock, valued at approximately $7,349,032.80. This represents a 3.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kang Sun sold 61,251 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $622,310.16. Following the completion of the transaction, the director directly owned 1,342,400 shares of the company’s stock, valued at $13,638,784. This represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,392,269 shares of company stock worth $26,384,359. 12.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Amprius Technologies during the 3rd quarter worth about $42,000. Jones Financial Companies Lllp grew its holdings in Amprius Technologies by 353.2% during the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares during the period. Parallel Advisors LLC bought a new position in Amprius Technologies during the third quarter worth about $54,000. Leonteq Securities AG acquired a new position in Amprius Technologies during the fourth quarter worth approximately $47,000. Finally, Summit Securities Group LLC bought a new stake in Amprius Technologies in the fourth quarter valued at approximately $54,000. Institutional investors own 5.04% of the company’s stock.

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.