Amprius Technologies (NYSE:AMPX) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) saw an uptick in trading volume on Thursday . 6,694,224 shares traded hands 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMPX. Roth Mkm restated a "buy" rating and issued a $6.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. HC Wainwright restated a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. B. Riley restated a "buy" rating and issued a $10.00 price target (up previously from $6.00) on shares of Amprius Technologies in a research report on Thursday. Finally, Oppenheimer raised their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amprius Technologies currently has a consensus rating of "Buy" and an average target price of $10.17.

Amprius Technologies Stock Down 0.6%

The stock has a market cap of $761.83 million, a price-to-earnings ratio of -15.76 and a beta of 2.68. The company has a 50 day simple moving average of $3.39 and a 200 day simple moving average of $2.98.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $11.28 million for the quarter, compared to analysts' expectations of $8.52 million. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. 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 other news, CFO Sandra Wallach sold 27,595 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $67,055.85. Following the sale, the chief financial officer directly owned 1,033,665 shares in the company, valued at approximately $2,511,805.95. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $49,489.38. Following the sale, the chief technology officer owned 866,134 shares in the company, valued at approximately $2,104,705.62. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,747 shares of company stock worth $286,125. Insiders own 12.90% of the company's stock.

Institutional Trading of Amprius Technologies

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