Amprius Technologies (NYSE:AMPX) Trading 8.4% Higher – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX) shares traded up 8.4% on Friday . The company traded as high as $11.20 and last traded at $11.00. 10,402,043 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 7,269,870 shares. The stock had previously closed at $10.15.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a report on Tuesday, October 7th. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Roth Capital set a $14.00 target price on Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Cantor Fitzgerald raised 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. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.57.

Amprius Technologies Stock Performance

The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -42.31 and a beta of 3.04. The business’s 50 day moving average price is $10.25 and its 200-day moving average price is $9.53.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results 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 the consensus estimate of $16.45 million. On average, analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00. Following the sale, the chief executive officer directly owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. The trade was a 40.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the firm’s stock in a transaction dated 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 approximately $7,868,794.96. This trade represents a 20.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,798,201 shares of company stock valued at $18,741,241. 12.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Amprius Technologies by 128.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock valued at $656,000 after purchasing an additional 137,640 shares during the period. Bessemer Group Inc. purchased a new position in Amprius Technologies during the second quarter valued at approximately $174,000. Baird Financial Group Inc. grew its position in Amprius Technologies by 99.9% during the second quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock valued at $4,213,000 after purchasing an additional 500,212 shares in the last quarter. Calamos Advisors LLC acquired a new position in Amprius Technologies in the 3rd quarter valued at approximately $1,799,000. Finally, Huntleigh Advisors Inc. purchased a new stake in Amprius Technologies in the 2nd quarter worth approximately $614,000. Institutional investors 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.