Amprius Technologies (NYSE:AMPX) Shares Up 1.9% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX) shot up 1.9% on Thursday . The company traded as high as $18.21 and last traded at $17.86. 5,132,193 shares were traded during mid-day trading, a decline of 42% from the average session volume of 8,912,368 shares. The stock had previously closed at $17.52.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMPX. B. Riley Financial upped their target price on Amprius Technologies from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. Cantor Fitzgerald upped their target price on Amprius Technologies from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Northland Securities set a $24.00 target price on Amprius Technologies in a research note on Monday. Finally, Wall Street Zen lowered Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.25.

Amprius Technologies Stock Performance

The stock has a market capitalization of $2.45 billion, a P/E ratio of -59.53 and a beta of 2.20. The firm has a 50-day moving average price of $18.05 and a 200 day moving average price of $13.40.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $28.54 million for the quarter, compared to the consensus estimate 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, equities analysts anticipate that Amprius Technologies, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In other news, Director Wen Hsuan Hsieh sold 413,146 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $18.44, for a total transaction of $7,618,412.24. Following the transaction, the director directly owned 44,444 shares in the company, valued at approximately $819,547.36. This represents a 90.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Constantin Ionel Stefan sold 25,366 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.16, for a total value of $257,718.56. Following the transaction, the chief technology officer owned 723,330 shares in the company, valued at $7,349,032.80. This trade represents a 3.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,539,829 shares of company stock valued at $42,323,376 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares during the period. Quarry LP purchased a new stake in Amprius Technologies during the 3rd quarter valued at about $42,000. Rhumbline Advisers boosted its holdings in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares during the period. Legal & General Group Plc boosted its holdings in Amprius Technologies by 1,385.4% during the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after acquiring an additional 9,684 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Amprius Technologies during the 2nd quarter valued at about $44,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

About Amprius Technologies

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.