Amprius Technologies (NYSE:AMPX) Shares Gap Up - What's Next?

Key Points

• Amprius Technologies (NYSE:AMPX) shares experienced a significant price increase, opening at $6.86 after closing at $6.36, and last traded at $7.17 with a volume of 1,812,189 shares.
• Equities research analysts have generally bullish opinions on the stock, with an average rating of "Buy" and a consensus price target rising to $10.17.
• The company recently reported a quarterly earnings result of ($0.08) earnings per share, beating the consensus estimate and achieving revenue of $11.28 million, surpassing analysts' estimates of $8.52 million.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $6.36, but opened at $6.86. Amprius Technologies shares last traded at $7.17, with a volume of 1,812,189 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMPX shares. William Blair raised Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday, July 18th. Roth Capital reissued a "buy" rating and issued a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a research report on Tuesday. Finally, B. Riley reissued 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 Thursday, July 10th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amprius Technologies presently has an average rating of "Buy" and a consensus target price of $10.14.

Amprius Technologies Trading Down 4.6%

The business's 50 day simple moving average is $5.21 and its 200 day simple moving average is $3.56. The firm has a market capitalization of $888.60 million, a PE ratio of -18.46 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $11.28 million during the quarter, compared to analyst estimates of $8.52 million. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. Analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In related news, CFO Sandra Wallach sold 27,595 shares of the firm'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 owned 1,033,665 shares of the company's stock, valued at $2,511,805.95. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the business'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 owned 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This trade represents a 2.30% decrease in their position. 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 quarter. 12.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Invesco Ltd. lifted its stake in Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after acquiring an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Amprius Technologies during the 4th quarter worth approximately $4,081,000. Millennium Management LLC increased its position in shares of Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock worth $3,741,000 after acquiring an additional 678,442 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Amprius Technologies during the 1st quarter worth about $2,508,000. Finally, Renaissance Technologies LLC raised its holdings in Amprius Technologies by 5,740.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after acquiring an additional 752,000 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company's stock.

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.