Kang Sun Sells 19,973 Shares of Amprius Technologies, Inc. (NYSE:AMPX) Stock

Amprius Technologies, Inc. (NYSE:AMPX) insider Kang Sun sold 19,973 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the completion of the transaction, the insider now owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amprius Technologies Trading Up 2.5 %

AMPX stock traded up $0.04 during mid-day trading on Friday, reaching $1.44. 853,557 shares of the stock traded hands, compared to its average volume of 717,758. Amprius Technologies, Inc. has a one year low of $1.22 and a one year high of $10.63. The business has a 50-day moving average price of $2.03 and a two-hundred day moving average price of $3.26.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The business had revenue of $2.34 million during the quarter, compared to analyst estimates of $1.70 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. As a group, analysts anticipate that Amprius Technologies, Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMPX. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Thursday, April 4th. Alliance Global Partners cut their price target on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Oppenheimer reiterated an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a research note on Friday, March 22nd. Finally, B. Riley lowered their target price on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after purchasing an additional 2,597 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Amprius Technologies during the 3rd quarter valued at $58,000. Pathstone Family Office LLC acquired a new position in shares of Amprius Technologies during the third quarter valued at about $60,000. FNY Investment Advisers LLC purchased a new position in shares of Amprius Technologies during the fourth quarter worth $84,000. Finally, Barclays PLC raised its position in Amprius Technologies by 2,623.0% during the third quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after acquiring an additional 28,092 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors.

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.