Amprius Technologies (NYSE:AMPX) Sets New 12-Month High - Time to Buy?

Key Points

• Amprius Technologies' shares reached a new 52-week high of $12.14 during trading, closing at $11.83 with a trading volume of 112,742 shares.
• Analysts are optimistic about Amprius, with a consensus Buy rating and an average target price of $11.71, indicating strong confidence in the company's growth potential.
• Recent insider sales from executives included 28,390 shares by CFO Sandra Wallach and 19,159 shares by CTO Constantin Ionel Stefan, both occurring at an average price of $6.82.

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.14 and last traded at $11.83, with a volume of 112742 shares trading hands. The stock had previously closed at $12.06.

Analyst Ratings Changes

AMPX has been the subject of several research reports. Roth Capital reiterated a "buy" rating and set a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. Cantor Fitzgerald increased their price objective on shares of Amprius Technologies from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. HC Wainwright reiterated a "buy" rating and set a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. B. Riley increased their price objective on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, William Blair upgraded shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. Based on data from MarketBeat, Amprius Technologies has a consensus rating of "Buy" and an average target price of $11.71.

Amprius Technologies Trading Up 0.7%

The firm has a market cap of $1.52 billion, a PE ratio of -36.77 and a beta of 2.72. The business's 50-day simple moving average is $7.91 and its 200 day simple moving average is $4.73.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The business had revenue of $15.07 million for the quarter, compared to the consensus estimate of $12.38 million. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 55.79%. Analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Transactions at Amprius Technologies

In other news, CFO Sandra Wallach sold 28,390 shares of Amprius Technologies stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $193,619.80. Following the transaction, the chief financial officer owned 1,005,275 shares of the company's stock, valued at $6,855,975.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 19,159 shares of Amprius Technologies stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $130,664.38. Following the completion of the sale, the chief technology officer owned 846,975 shares of the company's stock, valued at $5,776,369.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,203 shares of company stock valued at $772,044 in the last 90 days. Insiders own 12.80% of the company's stock.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in Amprius Technologies during the 2nd quarter valued at approximately $213,000. BNP Paribas Financial Markets lifted its stake in Amprius Technologies by 2,677.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 159,614 shares of the company's stock valued at $672,000 after acquiring an additional 153,867 shares during the period. Bank of America Corp DE lifted its stake in Amprius Technologies by 50.7% during the 2nd quarter. Bank of America Corp DE now owns 126,779 shares of the company's stock valued at $534,000 after acquiring an additional 42,625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Amprius Technologies by 419.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,041 shares of the company's stock valued at $215,000 after acquiring an additional 41,208 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in Amprius Technologies during the 2nd quarter valued at approximately $144,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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