Amprius Technologies (NYSE:AMPX) Reaches New 52-Week High - Time to Buy?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $4.50 and last traded at $4.44, with a volume of 127613 shares traded. The stock had previously closed at $4.38.

Wall Street Analysts Forecast Growth

AMPX has been the subject of a number of research reports. HC Wainwright reiterated a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a report on Friday, March 21st. Roth Mkm restated a "buy" rating and set a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. B. Riley lifted their target price on Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Finally, Oppenheimer lifted their price objective on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $9.50.

Amprius Technologies Stock Performance

The business's 50 day moving average price is $3.07 and its 200-day moving average price is $2.85. The firm has a market cap of $550.72 million, a price-to-earnings ratio of -11.39 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. The firm had revenue of $11.28 million for the quarter, compared to analysts' expectations of $8.52 million. On average, analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 69,786 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $169,579.98. Following the transaction, the chief executive officer directly owned 1,812,235 shares in the company, valued at approximately $4,403,731.05. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $67,055.85. Following the completion of the transaction, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at $2,511,805.95. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,747 shares of company stock valued at $286,125. Corporate insiders own 12.90% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after purchasing an additional 3,222 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Amprius Technologies during the 4th quarter worth $328,000. O Dell Group LLC acquired a new stake in Amprius Technologies in the fourth quarter worth $35,000. HighTower Advisors LLC bought a new stake in Amprius Technologies in the fourth quarter valued at $43,000. Finally, American Century Companies Inc. acquired a new position in shares of Amprius Technologies during the fourth quarter valued at $68,000. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.