Amprius Technologies (NYSE:AMPX) Hits New 12-Month High - Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $4.30 and last traded at $4.27, with a volume of 7995013 shares traded. The stock had previously closed at $3.78.

Analyst Ratings Changes

AMPX has been the topic of a number of research analyst reports. Roth Mkm reiterated a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. B. Riley lifted their price target on Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 21st. HC Wainwright reissued a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. Finally, Oppenheimer lifted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" 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 company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $9.50.

Amprius Technologies Stock Performance

The stock's 50-day simple moving average is $2.83 and its 200-day simple moving average is $2.75. The firm has a market capitalization of $503.56 million, a PE ratio of -10.41 and a beta of 2.37.

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

Insider Transactions at Amprius Technologies

In related news, 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 transaction, the chief technology officer now owns 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kang Sun sold 69,786 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $169,579.98. Following the sale, the chief executive officer now directly owns 1,812,235 shares of the company's stock, valued at approximately $4,403,731.05. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,747 shares of company stock valued at $286,125 in the last quarter. 12.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Board of Trustees of The Leland Stanford Junior University bought a new stake in Amprius Technologies during the 4th quarter valued at approximately $4,081,000. Essex Investment Management Co. LLC bought a new stake in shares of Amprius Technologies in the 1st quarter valued at approximately $2,508,000. Invesco Ltd. lifted its position in Amprius Technologies by 56.5% in the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after buying an additional 897,222 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after purchasing an additional 752,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Amprius Technologies in the fourth quarter worth $2,009,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.

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