Amprius Technologies (NYSE:AMPX) Trading 2.4% Higher – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX) shares traded up 2.4% during mid-day trading on Tuesday . The company traded as high as $11.11 and last traded at $10.6790. 7,567,475 shares changed hands during trading, an increase of 22% from the average session volume of 6,198,415 shares. The stock had previously closed at $10.43.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMPX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. HC Wainwright restated a “buy” rating and issued a $18.00 target price (up from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research note on Tuesday, October 7th. B. Riley boosted their price target on Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a 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’s stock. According to MarketBeat.com, Amprius Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Amprius Technologies Trading Up 2.4%

The firm’s 50-day moving average price is $11.73 and its two-hundred day moving average price is $7.53. The stock has a market cap of $1.39 billion, a PE ratio of -41.07 and a beta of 2.87.

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

Insider Buying and Selling

In related 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 sale, the chief financial officer 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kang Sun sold 65,654 shares of Amprius Technologies stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $447,760.28. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares in the company, valued at $10,041,126.92. This trade represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 113,203 shares of company stock worth $772,044 in the last three months. 12.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Amprius Technologies during the 1st quarter valued at $40,000. Ameritas Investment Partners Inc. boosted its position in shares of Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Amprius Technologies during the 2nd quarter worth $42,000. Finally, Quarry LP purchased a new position in Amprius Technologies during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.