Amprius Technologies (NYSE:AMPX) Stock Price Down 8%

Shares of Amprius Technologies, Inc. (NYSE:AMPXGet Rating) traded down 8% during trading on Tuesday . The company traded as low as $6.80 and last traded at $6.91. 3,241 shares were traded during mid-day trading, a decline of 97% from the average session volume of 122,314 shares. The stock had previously closed at $7.51.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. B. Riley assumed coverage on shares of Amprius Technologies in a research note on Thursday, December 1st. They issued a “buy” rating and a $14.00 target price on the stock. EF Hutton Acquisition Co. I began coverage on Amprius Technologies in a research report on Friday, October 28th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Oppenheimer began coverage on Amprius Technologies in a research report on Thursday, October 13th. They set an “outperform” rating and a $14.00 price target on the stock.

Amprius Technologies Stock Performance

The firm’s 50 day moving average is $9.82.

Amprius Technologies (NYSE:AMPXGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The company had revenue of $0.82 million for the quarter, compared to the consensus estimate of $0.50 million. As a group, equities analysts expect that Amprius Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Amprius Technologies during the third quarter worth $474,000. ExodusPoint Capital Management LP acquired a new position in shares of Amprius Technologies during the third quarter valued at about $182,000. Citadel Advisors LLC acquired a new position in shares of Amprius Technologies during the third quarter valued at about $118,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at $114,000.

Amprius Technologies Company Profile

(Get Rating)

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

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