Amprius Technologies (NYSE:AMPX) Trading 3.4% Higher – What’s Next?

by · The Markets Daily

Shares of Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) shot up 3.4% on Thursday . The stock traded as high as $11.50 and last traded at $11.41. 5,512,163 shares were traded during mid-day trading, a decline of 10% from the average session volume of 6,131,622 shares. The stock had previously closed at $11.04.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Northland Securities set a $20.00 price objective on Amprius Technologies in a research report on Tuesday, October 7th. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald increased their target price on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Read Our Latest Report on AMPX

Amprius Technologies Stock Performance

The company’s 50-day moving average price is $11.98 and its 200 day moving average price is $8.59. The stock has a market capitalization of $1.42 billion, a P/E ratio of -41.79 and a beta of 2.94.

Amprius Technologies (NYSE:AMPX – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. Analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other Amprius Technologies news, CEO Kang Sun sold 68,655 shares of Amprius Technologies stock in a transaction on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $692,042.40. Following the sale, the chief executive officer directly owned 1,403,651 shares in the company, valued at approximately $14,148,802.08. The trade was a 4.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 25,024 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $10.08, for a total transaction of $252,241.92. Following the transaction, the chief technology officer directly owned 821,951 shares of the company’s stock, valued at $8,285,266.08. This trade represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,093,679 shares of company stock valued at $11,544,284. Insiders own 12.90% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently made changes to their positions in the company. Quarry LP bought a new stake in Amprius Technologies in the third quarter worth $42,000. Jones Financial Companies Lllp increased its holdings in shares of Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after buying an additional 3,532 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Amprius Technologies during the 3rd quarter valued at about $54,000. Geneos Wealth Management Inc. bought a new stake in Amprius Technologies during the third quarter worth approximately $74,000. Finally, Ameritas Investment Partners Inc. raised its position in Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after purchasing an additional 9,072 shares during the period. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

(Get Free Report)

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.

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