International Assets Investment Management LLC Acquires Shares of 13,357 Amprius Technologies, Inc. (NYSE:AMPX)

International Assets Investment Management LLC acquired a new stake in Amprius Technologies, Inc. (NYSE:AMPX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,357 shares of the company’s stock, valued at approximately $710,000.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. purchased a new stake in shares of Amprius Technologies in the third quarter valued at about $8,006,000. Kestra Advisory Services LLC purchased a new stake in shares of Amprius Technologies in the third quarter valued at about $484,000. Barclays PLC boosted its holdings in shares of Amprius Technologies by 2,623.0% in the third quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after acquiring an additional 28,092 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Amprius Technologies in the fourth quarter valued at about $84,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Amprius Technologies in the third quarter valued at about $60,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Price Performance

AMPX stock opened at $1.65 on Thursday. The company’s 50 day simple moving average is $2.66 and its 200-day simple moving average is $3.49. The firm has a market capitalization of $150.68 million, a PE ratio of -3.83 and a beta of 2.84. Amprius Technologies, Inc. has a 12 month low of $1.58 and a 12 month high of $10.63.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, March 21st. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $3.94 million for the quarter, compared to analyst estimates of $2.60 million. Amprius Technologies had a negative net margin of 406.23% and a negative return on equity of 56.74%. During the same period in the prior year, the business earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Amprius Technologies, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMPX shares. Roth Mkm started coverage on shares of Amprius Technologies in a report on Thursday, January 11th. They issued a “buy” rating and a $10.00 target price on the stock. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a report on Thursday, January 11th. Oppenheimer reissued an “outperform” rating and set a $15.00 price objective on shares of Amprius Technologies in a report on Friday, March 22nd. Finally, HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.60.

Insider Activity

In other news, insider Jonathan Bornstein sold 109,800 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 14.90% of the company’s stock.

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.