Amprius Technologies (NYSE:AMPX) Shares Up 2% – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX)’s share price rose 2% during mid-day trading on Tuesday . The company traded as high as $12.09 and last traded at $12.0410. Approximately 4,640,550 shares traded hands during trading, a decline of 45% from the average session volume of 8,374,082 shares. The stock had previously closed at $11.81.

Analysts Set New Price Targets

Several equities analysts have commented on AMPX shares. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JonesTrading began coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Northland Securities set a $24.00 target price on Amprius Technologies in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Amprius Technologies Stock Up 2.0%

The company’s fifty day moving average is $13.28 and its two-hundred day moving average is $14.94. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -41.52 and a beta of 2.34.

Insider Activity

In other Amprius Technologies news, Director Kang Sun sold 67,796 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.79, for a total value of $1,002,702.84. Following the sale, the director directly owned 1,280,854 shares of the company’s stock, valued at approximately $18,943,830.66. This represents a 5.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Ionel Stefan sold 28,812 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.79, for a total transaction of $426,129.48. Following the completion of the sale, the chief technology officer owned 804,518 shares in the company, valued at $11,898,821.22. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 310,144 shares of company stock worth $5,049,997. Insiders own 5.10% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC boosted its position in shares of Amprius Technologies by 89.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 39,302 shares of the company’s stock worth $544,000 after acquiring an additional 18,545 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Amprius Technologies by 35.2% during the 1st quarter. Janus Henderson Group PLC now owns 52,803 shares of the company’s stock worth $889,000 after acquiring an additional 13,750 shares in the last quarter. Amundi lifted its stake in Amprius Technologies by 17.3% during the first quarter. Amundi now owns 164,589 shares of the company’s stock worth $2,775,000 after purchasing an additional 24,283 shares during the last quarter. California State Teachers Retirement System lifted its stake in Amprius Technologies by 48.2% during the first quarter. California State Teachers Retirement System now owns 159,903 shares of the company’s stock worth $2,696,000 after purchasing an additional 51,973 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Amprius Technologies by 10.9% in the first quarter. Royal Bank of Canada now owns 101,914 shares of the company’s stock valued at $1,718,000 after purchasing an additional 9,998 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.