Amprius Technologies (NYSE:AMPX) Trading Up 3.6% – Time to Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price traded up 3.6% on Wednesday . The company traded as high as $12.02 and last traded at $11.9940. 7,339,968 shares traded hands during trading, a decline of 4% from the average session volume of 7,633,845 shares. The stock had previously closed at $11.58.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMPX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Roth Mkm set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Northland Securities set a $20.00 target price on Amprius Technologies in a research note on Tuesday, October 7th. Finally, Cantor Fitzgerald increased their price target on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Amprius Technologies Stock Up 3.6%

The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -46.13 and a beta of 3.04. The firm’s 50 day moving average is $10.14 and its 200 day moving average is $9.94.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $16.45 million. On average, sell-side analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of the business’s stock in a transaction 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total value of $5,933,637.08. Following the transaction, the chief technology officer owned 748,696 shares in the company, valued at $9,014,299.84. This represents a 39.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,359,641 shares of company stock worth $36,572,335. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors have recently made changes to their positions in AMPX. Quarry LP acquired a new position in Amprius Technologies in the 3rd quarter valued at approximately $42,000. Jones Financial Companies Lllp grew its holdings in shares of Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after acquiring an additional 3,532 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Amprius Technologies in the third quarter worth $54,000. Geneos Wealth Management Inc. purchased a new stake in shares of Amprius Technologies during the third quarter worth $74,000. Finally, Ameritas Investment Partners Inc. boosted 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 last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

About Amprius Technologies

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.