Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.71 and last traded at $7.48, with a volume of 5281307 shares traded. The stock had previously closed at $6.73.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on AMPX shares. B. Riley reaffirmed a "buy" rating and issued a $10.00 target price (up previously from $6.00) on shares of Amprius Technologies in a research note on Thursday, July 10th. William Blair upgraded shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a report on Friday. 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. HC Wainwright reiterated a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a report on Friday, March 21st. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $10.17.
Read Our Latest Stock Analysis on Amprius Technologies
Amprius Technologies Stock Performance
The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -21.20 and a beta of 2.68. The company has a fifty day moving average of $3.88 and a two-hundred day moving average of $3.15.
Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly 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 return on equity of 67.67% and a negative net margin of 133.34%. The firm had revenue of $11.28 million during the quarter, compared to analyst estimates of $8.52 million. Equities analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current year.
Insider Activity
In related news, CFO Sandra Wallach sold 27,595 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 $67,055.85. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the firm's stock in a transaction that occurred 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 trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,747 shares of company stock valued at $286,125 in the last ninety days. 12.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Amprius Technologies
Several institutional investors and hedge funds have recently made changes to their positions in AMPX. HighTower Advisors LLC purchased a new position in Amprius Technologies in the fourth quarter valued at $43,000. American Century Companies Inc. purchased a new stake in Amprius Technologies during the 4th quarter valued at about $68,000. AXQ Capital LP purchased a new stake in Amprius Technologies during the 4th quarter valued at about $44,000. Lexington Partners L.P. acquired a new position in Amprius Technologies in the 4th quarter valued at about $215,000. Finally, Diametric Capital LP acquired a new position in shares of Amprius Technologies in the 4th quarter worth approximately $68,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.
About Amprius Technologies
(
Get Free Report)
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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