Amprius Technologies (NYSE:AMPX) Shares Up 1.8% – Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price traded up 1.8% during mid-day trading on Wednesday . The stock traded as high as $11.60 and last traded at $11.3150. Approximately 4,295,262 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 8,665,334 shares. The stock had previously closed at $11.12.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Monday, April 20th. JonesTrading started coverage on Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Zacks Research cut Amprius Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.50.

Amprius Technologies Price Performance

The company has a market cap of $1.60 billion, a price-to-earnings ratio of -37.72 and a beta of 2.25. The company’s 50-day simple moving average is $16.08 and its 200-day simple moving average is $14.81.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Wednesday, May 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $28.54 million for the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%.Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. Equities analysts predict that Amprius Technologies, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity

In other Amprius Technologies news, CEO Thomas M. Stepien sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $20.97, for a total value of $41,940.00. Following the completion of the transaction, the chief executive officer directly owned 625,625 shares of the company’s stock, valued at $13,119,356.25. This represents a 0.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donald R. Dixon sold 85,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $17.17, for a total value of $1,459,450.00. Following the sale, the director owned 359,380 shares of the company’s stock, valued at $6,170,554.60. This represents a 19.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 310,144 shares of company stock worth $5,049,997. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the last quarter. AQR Capital Management LLC increased its holdings in Amprius Technologies by 86.7% during the 1st quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock worth $208,000 after purchasing an additional 36,116 shares during the last quarter. Millennium Management LLC increased its holdings in Amprius Technologies by 94.5% during the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after purchasing an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. raised its position 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 in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares in the last quarter. 5.04% of the stock is 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.