Amprius Technologies (NYSE:AMPX) Shares Up 2.1% – Here’s What Happened

Shares of Amprius Technologies, Inc. (NYSE:AMPX) traded up 2.1% on Friday . The stock traded as high as $12.85 and last traded at $12.75. 7,530,423 shares were traded during trading, an increase of 33% from the average session volume of 5,641,315 shares. The stock had previously closed at $12.49.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $10.00 target price (up previously from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price (up previously from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Saturday, September 27th. B. Riley upped their target price on Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Cantor Fitzgerald upped their target price on Amprius Technologies from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and a consensus price target of $11.71.

Amprius Technologies Stock Performance

The firm has a 50 day moving average of $8.51 and a 200-day moving average of $5.30. The stock has a market capitalization of $1.59 billion, a PE ratio of -38.63 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $15.07 million during the quarter, compared to the consensus estimate of $12.38 million. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%. On average, sell-side analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sandra Wallach sold 28,390 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $193,619.80. Following the completion of the sale, the chief financial officer directly owned 1,005,275 shares of the company’s stock, valued at $6,855,975.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Constantin Ionel Stefan sold 19,159 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $130,664.38. Following the sale, the chief technology officer directly owned 846,975 shares of the company’s stock, valued at $5,776,369.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,203 shares of company stock valued at $772,044. Corporate insiders own 12.90% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Amprius Technologies during the 2nd quarter worth about $213,000. BNP Paribas Financial Markets raised its stake in shares of Amprius Technologies by 2,677.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 159,614 shares of the company’s stock worth $672,000 after purchasing an additional 153,867 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Amprius Technologies by 50.7% during the 2nd quarter. Bank of America Corp DE now owns 126,779 shares of the company’s stock worth $534,000 after purchasing an additional 42,625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Amprius Technologies by 419.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,041 shares of the company’s stock worth $215,000 after purchasing an additional 41,208 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Amprius Technologies during the 2nd quarter worth about $144,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

About Amprius Technologies

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.