Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 6,920,000 shares, a growth of 84.5% from the March 15th total of 3,750,000 shares. Currently, 8.6% of the shares of the company are short sold. Based on an average daily trading volume, of 3,680,000 shares, the short-interest ratio is currently 1.9 days.

Amprius Technologies Price Performance

NYSE AMPX traded down $0.21 on Wednesday, hitting $2.23. 1,866,725 shares of the stock were exchanged, compared to its average volume of 2,151,983. The company has a market capitalization of $262.98 million, a PE ratio of -4.96 and a beta of 2.17. The business’s fifty day moving average is $2.64 and its 200 day moving average is $2.35. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.21.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The business had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. Analysts predict that Amprius Technologies will post -0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMPX. Northland Securities increased their target price on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. B. Riley increased their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Oppenheimer boosted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, March 21st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $6.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $9.43.

Insider Activity

In other Amprius Technologies news, CEO Kang Sun sold 34,353 shares of Amprius Technologies stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares in the company, valued at $4,014,603.73. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Bornstein sold 13,527 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $42,339.51. Following the transaction, the insider now directly owns 419,197 shares of the company’s stock, valued at $1,312,086.61. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,088 shares of company stock valued at $235,025. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after acquiring an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Amprius Technologies in the 4th quarter valued at $28,000. Kingswood Wealth Advisors LLC bought a new position in shares of Amprius Technologies in the 4th quarter valued at $30,000. O Dell Group LLC bought a new position in shares of Amprius Technologies in the 4th quarter valued at $35,000. Finally, Bank of America Corp DE lifted its position in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.