Amprius Technologies (NYSE:AMPX) Trading Up 7.2% – Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price shot up 7.2% on Monday . The company traded as high as $10.77 and last traded at $10.2060. 7,799,607 shares traded hands during trading, a decline of 4% from the average session volume of 8,154,872 shares. The stock had previously closed at $9.52.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Craig Hallum initiated coverage on shares of Amprius Technologies in a research report on Monday. They issued a “buy” rating and a $17.00 price target on the stock. Cantor Fitzgerald increased their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Finally, Needham & Company LLC initiated coverage on Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.63.

Amprius Technologies Stock Up 7.2%

The stock has a market cap of $1.33 billion, a PE ratio of -39.25 and a beta of 2.98. The business’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $10.43.

Insider Buying and Selling

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of Amprius Technologies stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total value of $476,330.55. Following the completion of the transaction, the director directly owned 1,403,651 shares of the company’s stock, valued at approximately $15,482,270.53. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $476,280.00. Following the completion of the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,305,652 shares of company stock worth $25,504,331. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently modified their holdings of AMPX. Quarry LP bought a new position in shares of Amprius Technologies during the 3rd quarter valued at approximately $42,000. Jones Financial Companies Lllp grew its position in Amprius Technologies by 353.2% in 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 during the last quarter. Parallel Advisors LLC purchased a new stake in Amprius Technologies in the 3rd quarter valued at about $54,000. Leonteq Securities AG bought a new position in Amprius Technologies in the fourth quarter worth approximately $47,000. Finally, Summit Securities Group LLC bought a new stake in shares of Amprius Technologies in the fourth quarter valued at about $54,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.