Amprius Technologies (NYSE:AMPX) Hits New 12-Month High - Here's Why

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer upped their target price on Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, March 21st. HC Wainwright reissued a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Roth Mkm reissued a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Finally, B. Riley increased their price objective on Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Six investment 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, Amprius Technologies presently has a consensus rating of "Buy" and a consensus target price of $9.50.

Amprius Technologies Trading Up 6.6%

The firm has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $2.89. The company has a market capitalization of $550.73 million, a price-to-earnings ratio of -11.39 and a beta of 2.68.

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

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 27,595 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $67,055.85. Following the sale, the chief financial officer 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $49,489.38. Following the completion of the sale, the chief technology officer directly owned 866,134 shares in the company, valued at $2,104,705.62. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,747 shares of company stock valued at $286,125 in the last 90 days. 12.80% of the stock is currently owned by insiders.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently modified their holdings of AMPX. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock worth $27,000 after acquiring an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies in the 4th quarter worth approximately $28,000. O Dell Group LLC bought a new stake in shares of Amprius Technologies in the 4th quarter worth approximately $35,000. Bank of America Corp DE lifted its position in shares of Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after acquiring an additional 3,055 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Amprius Technologies in the 1st quarter worth approximately $40,000. Institutional investors own 5.04% of the company's stock.

About Amprius Technologies

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.