Amprius Technologies (NYSE:AMPX) Reaches New 12-Month High - Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $5.60 and last traded at $5.57, with a volume of 15926087 shares trading hands. The stock had previously closed at $4.94.

Analyst Ratings Changes

AMPX has been the subject of a number of analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Friday, March 21st. Oppenheimer lifted their price objective on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research report 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 report on Friday, March 21st. Finally, B. Riley lifted their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $9.50.

Amprius Technologies Trading Up 8.5%

The company's 50-day simple moving average is $3.23 and its 200-day simple moving average is $2.93. The stock has a market capitalization of $707.58 million, a price-to-earnings ratio of -14.63 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted 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. Amprius Technologies had a negative net margin of 133.34% and a negative return on equity of 67.67%. The company had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. On average, equities research analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sandra Wallach sold 27,595 shares of the 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 transaction, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at $2,511,805.95. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $49,489.38. Following the transaction, the chief technology officer directly owned 866,134 shares in the company, valued at approximately $2,104,705.62. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,747 shares of company stock valued at $286,125. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Amprius Technologies by 31.1% during the fourth 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 in the last quarter. Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after buying an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Amprius Technologies in the fourth quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Amprius Technologies in the second quarter valued at $42,000. Finally, O Dell Group LLC bought a new position in shares of Amprius Technologies in the fourth quarter valued at $35,000. 5.04% of the stock is owned by institutional investors.

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.