Amprius Technologies (NYSE:AMPX) Trading Up 5.5% – Here’s Why
by Amy Steele · The Cerbat GemAmprius Technologies, Inc. (NYSE:AMPX – Get Free Report)’s share price shot up 5.5% on Monday . The company traded as high as $10.42 and last traded at $10.0060. 8,836,470 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 6,573,297 shares. The stock had previously closed at $9.48.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Northland Securities set a $20.00 price objective on Amprius Technologies in a report on Tuesday, October 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Roth Capital set a $14.00 price target on Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Finally, Cantor Fitzgerald upped their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Amprius Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $14.57.
Get Our Latest Analysis on AMPX
Amprius Technologies Trading Up 5.5%
The company has a market cap of $1.31 billion, a price-to-earnings ratio of -38.48 and a beta of 3.04. The stock has a 50 day moving average price of $10.38 and a two-hundred day moving average price of $9.49.
Amprius Technologies (NYSE:AMPX – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The business had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $16.45 million. On average, equities analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.
Insider Activity
In related news, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $7,868,794.96. This trade represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the sale, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. The trade was a 40.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,291,934 shares of company stock valued at $13,627,944 over the last 90 days. Corporate insiders own 12.80% of the company’s stock.
Hedge Funds Weigh In On Amprius Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. Voloridge Investment Management LLC bought a new stake in shares of Amprius Technologies in the 3rd quarter valued at $19,737,000. BNP Paribas Financial Markets grew its stake in Amprius Technologies by 1,117.9% in the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after acquiring an additional 1,784,291 shares during the period. Vanguard Group Inc. increased its holdings in shares of Amprius Technologies by 37.0% in the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after acquiring an additional 1,757,395 shares in the last quarter. Invesco Ltd. raised its position in shares of Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the period. Finally, Stephens Investment Management Group LLC bought a new position in shares of Amprius Technologies during the 3rd quarter valued at about $11,392,000. Institutional investors and hedge funds own 5.04% of the company’s stock.
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.