Amprius Technologies (NYSE:AMPX) Shares Up 6.6% – Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price shot up 6.6% during mid-day trading on Tuesday . The company traded as high as $18.89 and last traded at $18.8410. 10,414,871 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 8,950,492 shares. The stock had previously closed at $17.68.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMPX. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Amprius Technologies in a report on Tuesday, March 10th. William Blair reiterated an “outperform” rating on shares of Amprius Technologies in a report on Friday, March 6th. Northland Securities set a $24.00 price objective on Amprius Technologies in a report on Monday. Roth Mkm reissued a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Finally, Cantor Fitzgerald increased their price objective on Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Amprius Technologies Trading Up 1.9%

The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -59.53 and a beta of 2.20. The stock has a fifty day moving average price of $18.17 and a 200 day moving average price of $13.44.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $28.54 million for the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. On average, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.07 EPS for the current year.

Insiders Place Their Bets

In other Amprius Technologies news, Director Steven Chu sold 155,565 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $18.50, for a total value of $2,877,952.50. Following the sale, the director owned 127,339 shares of the company’s stock, valued at $2,355,771.50. This trade represents a 54.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 25,366 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were 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 directly owned 723,330 shares in the company, valued at $7,349,032.80. This trade represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,539,829 shares of company stock worth $42,323,376. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV acquired a new stake in Amprius Technologies in the 1st quarter valued at approximately $57,000. Quarry LP acquired a new stake in Amprius Technologies in the 3rd quarter valued at approximately $42,000. Jones Financial Companies Lllp grew its holdings in Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after buying an additional 3,532 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Amprius Technologies during the 3rd quarter worth approximately $54,000. Finally, Leonteq Securities AG acquired a new stake in shares of Amprius Technologies during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds 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.