Amprius Technologies (NYSE:AMPX) Sets New 1-Year High - Time to Buy?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $7.71 and last traded at $7.48, with a volume of 5281307 shares trading hands. The stock had previously closed at $6.73.

Analysts Set New Price Targets

A number of analysts have weighed in on AMPX shares. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Oppenheimer boosted their target price on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. B. Riley reiterated a "buy" rating and set a $10.00 price target (up previously from $6.00) on shares of Amprius Technologies in a report on Thursday, July 10th. Finally, Roth Mkm restated a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amprius Technologies presently has an average rating of "Buy" and an average price target of $10.17.

Amprius Technologies Stock Performance

The company has a market capitalization of $927.50 million, a P/E ratio of -19.13 and a beta of 2.68. The company has a 50-day simple moving average of $3.77 and a 200 day simple moving average of $3.12.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share (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 business had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. As a group, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Activity

In related news, CTO Constantin Ionel Stefan sold 20,366 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $49,489.38. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandra Wallach sold 27,595 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $67,055.85. Following the transaction, the chief financial officer owned 1,033,665 shares in the company, valued at $2,511,805.95. This represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,747 shares of company stock valued at $286,125. Insiders own 12.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Amprius Technologies in the 4th quarter valued at $724,000. Oppenheimer & Co. Inc. raised its position in Amprius Technologies by 319.4% in the first quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company's stock worth $1,317,000 after purchasing an additional 374,228 shares in the last quarter. Two Sigma Advisers LP bought a new position in Amprius Technologies during the fourth quarter worth about $128,000. Geode Capital Management LLC boosted its holdings in Amprius Technologies by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock valued at $1,626,000 after purchasing an additional 32,681 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Amprius Technologies by 5,740.5% in 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 period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.