Amprius Technologies (NYSE:AMPX) Stock Price Up 7.2% Following Better-Than-Expected Earnings

Amprius Technologies, Inc. (NYSE:AMPX) traded up 7.2% on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $11.03 and last traded at $10.8510. Approximately 8,048,804 shares were traded during trading, a decline of 4% from the average session volume of 8,394,656 shares. The stock had previously closed at $10.12.

The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. The firm had revenue of $34.03 million for the quarter, compared to analyst estimates of $29.30 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMPX. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. Clear Str initiated coverage on shares of Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Northland Securities set a $24.00 price target on Amprius Technologies in a research report on Monday, May 11th. Finally, Zacks Research cut Amprius Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 67,796 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.79, for a total value of $1,002,702.84. Following the transaction, the director owned 1,280,854 shares in the company, valued at approximately $18,943,830.66. This trade represents a 5.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Ionel Stefan sold 3,208 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $17.19, for a total value of $55,145.52. Following the completion of the sale, the chief technology officer directly owned 801,310 shares of the company’s stock, valued at approximately $13,774,518.90. This represents a 0.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 310,144 shares of company stock worth $5,049,997 over the last 90 days. 5.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC grew its holdings in shares of Amprius Technologies by 89.3% in the second quarter. FNY Investment Advisers LLC now owns 39,302 shares of the company’s stock valued at $544,000 after purchasing an additional 18,545 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Amprius Technologies by 35.2% during the first quarter. Janus Henderson Group PLC now owns 52,803 shares of the company’s stock worth $889,000 after acquiring an additional 13,750 shares during the period. Amundi increased its position in shares of Amprius Technologies by 17.3% during the first quarter. Amundi now owns 164,589 shares of the company’s stock worth $2,775,000 after acquiring an additional 24,283 shares during the period. California State Teachers Retirement System raised its stake in shares of Amprius Technologies by 48.2% in the first quarter. California State Teachers Retirement System now owns 159,903 shares of the company’s stock valued at $2,696,000 after acquiring an additional 51,973 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Amprius Technologies by 10.9% in the 1st quarter. Royal Bank of Canada now owns 101,914 shares of the company’s stock valued at $1,718,000 after buying an additional 9,998 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Price Performance

The stock’s 50 day moving average is $14.10 and its two-hundred day moving average is $14.92. The stock has a market capitalization of $1.54 billion, a PE ratio of -36.17 and a beta of 2.34.

Amprius Technologies Company Profile

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.