Amprius Technologies (NYSE:AMPX) Trading 4.6% Higher – What’s Next?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) were up 4.6% during mid-day trading on Friday . The company traded as high as $11.46 and last traded at $11.3040. Approximately 2,350,098 shares were traded during trading, a decline of 62% from the average daily volume of 6,173,124 shares. The stock had previously closed at $10.81.

Wall Street Analyst Weigh In

AMPX has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. B. Riley boosted their target price on Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Northland Securities set a $20.00 price target on Amprius Technologies in a report on Tuesday, October 7th. Cantor Fitzgerald boosted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Roth Capital set a $14.00 price objective on Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.29.

Amprius Technologies Price Performance

The stock has a market cap of $1.47 billion, a PE ratio of -43.48 and a beta of 2.87. The business has a fifty day moving average of $12.00 and a 200-day moving average of $8.02.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.43 million during the quarter, compared to the consensus estimate of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. As a group, equities research analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 25,024 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $252,241.92. Following the completion of the transaction, the chief technology officer owned 821,951 shares of the company’s stock, valued at $8,285,266.08. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00. Following the sale, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,093,679 shares of company stock worth $11,544,284. 12.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Amprius Technologies in the first quarter worth about $40,000. Ameritas Investment Partners Inc. grew its stake in shares of Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after acquiring an additional 9,072 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Amprius Technologies during the second quarter valued at about $42,000. Finally, Quarry LP acquired a new position in shares of Amprius Technologies during the third quarter valued at about $42,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.