Amprius Technologies (NYSE:AMPX) Trading Up 8.1% – Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX) traded up 8.1% during mid-day trading on Monday . The company traded as high as $12.01 and last traded at $11.60. 10,414,673 shares changed hands during trading, an increase of 29% from the average session volume of 8,103,895 shares. The stock had previously closed at $10.73.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Cantor Fitzgerald increased their price target 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. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a report on Tuesday, December 23rd. Craig Hallum began coverage on shares of Amprius Technologies in a report on Monday, February 23rd. They set a “buy” rating and a $17.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on shares of Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.63.

Amprius Technologies Stock Up 8.1%

The firm’s fifty day moving average price is $10.40 and its 200-day moving average price is $10.52. The stock has a market cap of $1.51 billion, a P/E ratio of -44.62 and a beta of 3.04.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 950,548 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $11.07, for a total value of $10,522,566.36. Following the transaction, the director owned 1,403,651 shares in the company, valued at approximately $15,538,416.57. The trade was a 40.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 492,827 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This represents a 39.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,392,269 shares of company stock worth $26,384,359 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently made changes to their positions in AMPX. EWA LLC raised its holdings in shares of Amprius Technologies by 3.8% during the fourth quarter. EWA LLC now owns 19,958 shares of the company’s stock valued at $157,000 after acquiring an additional 723 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Amprius Technologies by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after purchasing an additional 1,516 shares in the last quarter. Graham Capital Management L.P. raised its holdings in Amprius Technologies by 3.2% in the 4th quarter. Graham Capital Management L.P. now owns 49,596 shares of the company’s stock worth $391,000 after purchasing an additional 1,551 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Amprius Technologies by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock worth $263,000 after purchasing an additional 1,621 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Amprius Technologies by 6.7% during the 4th quarter. First Trust Advisors LP now owns 32,744 shares of the company’s stock valued at $258,000 after purchasing an additional 2,066 shares in the last quarter. 5.04% of the stock is currently owned by 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.