Amprius Technologies (NYSE:AMPX) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 6,694,224 shares were traded during mid-day trading, an increase of 121% from the previous session's volume of 3,024,393 shares.The stock last traded at $6.48 and had previously closed at $5.96.

Wall Street Analyst Weigh In

AMPX has been the subject of a number of research analyst reports. HC Wainwright reiterated a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. B. Riley restated a "buy" rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research report on Thursday. Oppenheimer boosted their price objective on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Finally, Roth Mkm restated a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $10.17.

Amprius Technologies Stock Performance

The firm's 50-day moving average is $3.30 and its two-hundred day moving average is $2.95. The stock has a market cap of $770.55 million, a P/E ratio of -15.94 and a beta of 2.68.

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

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies stock in a transaction on 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 sale, the chief financial officer owned 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. The trade was a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Constantin Ionel Stefan sold 20,366 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 $49,489.38. Following the completion of the transaction, the chief technology officer directly owned 866,134 shares of the company's stock, 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. In the last 90 days, insiders sold 117,747 shares of company stock valued at $286,125. Company insiders own 12.90% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after buying an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies in the 4th quarter valued at $28,000. Bank of America Corp DE grew its holdings 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 valued at $36,000 after buying an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Amprius Technologies in the 1st quarter valued at $40,000. Finally, Cornerstone Partners Capital Management LLC acquired a new position in shares of Amprius Technologies in the 1st quarter valued at $41,000. Institutional investors and hedge funds 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.