Amprius Technologies (NYSE:AMPX) Trading Up 4.5% – Still a Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) rose 4.5% during trading on Thursday . The company traded as high as $11.56 and last traded at $11.56. Approximately 8,002,695 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 8,070,598 shares. The stock had previously closed at $11.06.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Craig Hallum initiated coverage on Amprius Technologies in a research note on Monday, February 23rd. They issued a “buy” rating and a $17.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Cantor Fitzgerald increased 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, Needham & Company LLC initiated coverage on Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.63.

Amprius Technologies Stock Performance

The firm has a market cap of $1.40 billion, a PE ratio of -41.33 and a beta of 2.99. The stock has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $10.48.

Insider Buying and Selling

In related news, CTO Constantin Ionel Stefan sold 492,827 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total value of $5,933,637.08. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at $9,014,299.84. The trade was a 39.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kang Sun sold 950,548 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $11.07, for a total transaction of $10,522,566.36. Following the sale, the director directly owned 1,403,651 shares in the company, valued at $15,538,416.57. This trade represents a 40.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,392,269 shares of company stock valued at $26,384,359 over the last three months. 12.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

Large investors have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC purchased a new position in Amprius Technologies during the third quarter worth approximately $11,392,000. Bessemer Group Inc. acquired a new stake in shares of Amprius Technologies in the 2nd quarter worth $174,000. Baird Financial Group Inc. raised its holdings in shares of Amprius Technologies by 99.9% during the 2nd quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock worth $4,213,000 after acquiring an additional 500,212 shares during the period. Calamos Advisors LLC purchased a new position in shares of Amprius Technologies during the 3rd quarter worth $1,799,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Amprius Technologies during the 3rd quarter valued at about $2,098,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.