Amprius Technologies (NYSE:AMPX) Reaches New 52-Week High - What's Next?

Key Points

• Amprius Technologies has reached a new 52-week high, trading at $12.29 and closing at $12.05, indicating strong market interest and activity.
• Analysts have significantly raised their price targets for Amprius Technologies, with ratings ranging from "buy" to "overweight," reflecting positive sentiment toward the company's future performance.
• The company reported revenue of $15.07 million for the last quarter, exceeding analyst expectations, indicating better-than-anticipated financial performance despite a negative earnings per share (EPS).

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $12.29 and last traded at $12.05, with a volume of 88253 shares. The stock had previously closed at $12.04.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cantor Fitzgerald upped their price target on Amprius Technologies from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. B. Riley upped their price target on Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. HC Wainwright restated a "buy" rating and issued a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. William Blair upgraded Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday, July 18th. Finally, Roth Capital reiterated a "buy" rating and set a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $11.71.

Amprius Technologies Stock Up 1.5%

The stock has a market cap of $1.53 billion, a PE ratio of -36.98 and a beta of 2.85. The firm has a 50 day moving average price of $8.34 and a 200 day moving average price of $5.14.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%.The company had revenue of $15.07 million for the quarter, compared to analyst estimates of $12.38 million. Equities 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, CEO Kang Sun sold 65,654 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $447,760.28. Following the completion of the transaction, the chief executive officer directly owned 1,472,306 shares of the company's stock, valued at approximately $10,041,126.92. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Constantin Ionel Stefan sold 19,159 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the completion of the sale, the chief technology officer owned 846,975 shares of the company's stock, valued at $5,776,369.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,203 shares of company stock valued at $772,044. 12.90% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Amprius Technologies by 167.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,593,607 shares of the company's stock valued at $6,710,000 after buying an additional 998,649 shares in the last quarter. Millennium Management LLC grew its holdings in Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock valued at $3,741,000 after buying an additional 678,442 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Amprius Technologies by 16.1% in the 2nd quarter. Marshall Wace LLP now owns 1,105,413 shares of the company's stock valued at $4,654,000 after purchasing an additional 153,476 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Amprius Technologies by 12,063.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,017,217 shares of the company's stock valued at $4,282,000 after purchasing an additional 1,008,854 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Amprius Technologies by 99.9% in the 2nd quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company's stock valued at $4,213,000 after purchasing an additional 500,212 shares during the last quarter. 5.04% of the stock is currently 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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