Amprius Technologies (NYSE:AMPX) Shares Gap Up - Should You Buy?

Key Points

• Shares of Amprius (NYSE:AMPX) gapped up to an $8.45 open from $7.89 and last traded around $8.43, while analysts collectively rate the stock a Moderate Buy with an average price target of $14.57.
• The company beat the quarter with EPS of ($0.03) versus ($0.06) expected and revenue of $21.43M versus $16.45M, but remains unprofitable with a negative net margin (~53%) and negative return on equity (~38.9%).
• Significant insider selling has occurred recently (CEO sold 1,000,000 shares; CTO sold 198,255), insiders have trimmed holdings and institutional ownership is low (~5%), which could be a governance or liquidity consideration for investors.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $7.89, but opened at $8.45. Amprius Technologies shares last traded at $8.4250, with a volume of 387,823 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on AMPX. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the company a "buy" rating in a research report on Wednesday, October 22nd. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a report on Tuesday, October 7th. Oppenheimer reiterated an "outperform" rating and set a $17.00 target price on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Finally, Cantor Fitzgerald lifted their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $14.57.

Amprius Technologies Trading Up 6.7%

The business's 50 day simple moving average is $10.88 and its two-hundred day simple moving average is $9.14. The firm has a market capitalization of $1.10 billion, a PE ratio of -32.08 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The firm had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. As a group, equities research analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 198,255 shares of the company's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the completion of the sale, the chief technology officer directly owned 748,696 shares of the company's stock, valued at approximately $7,868,794.96. This represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares in the company, valued at $15,606,443.60. The trade was a 40.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,291,934 shares of company stock worth $13,627,944. 12.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Amprius Technologies by 31.1% in 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 during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Amprius Technologies in the 1st quarter worth approximately $40,000. Ameritas Investment Partners Inc. lifted its holdings in Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company's stock worth $40,000 after purchasing an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Amprius Technologies in the 2nd quarter worth approximately $42,000. Finally, Quarry LP purchased a new stake in Amprius Technologies during the 3rd quarter valued at approximately $42,000. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc NYSE: AMPX is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

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