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

Key Points

• Amprius Technologies shares opened sharply higher, rising from a previous close of $11.94 to $12.91 before last trading near $12.73 on substantial volume.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $23.00 target price, although ratings range from “Strong Buy” to “Sell.”
• The company has a $1.83 billion market capitalization and remains unprofitable, with a negative price-to-earnings ratio; insiders have sold approximately $5.05 million in stock over the past 90 days.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $11.94, but opened at $12.91. Amprius Technologies shares last traded at $12.7320, with a volume of 1,966,128 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Clear Str started coverage on shares of Amprius Technologies in a research note on Tuesday, June 2nd. They issued a "strong-buy" rating and a $33.00 target price for the company. Weiss Ratings restated a "sell (e+)" rating on shares of Amprius Technologies in a report on Friday, July 17th. Zacks Research upgraded Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. JonesTrading initiated coverage on Amprius Technologies in a research report on Friday, July 10th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, Wall Street Zen lowered Amprius Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

Amprius Technologies Stock Performance

The stock's fifty day simple moving average is $12.65 and its two-hundred day simple moving average is $14.96. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -44.30 and a beta of 2.33.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, Director Donald R. Dixon sold 85,000 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.17, for a total transaction of $1,459,450.00. Following the completion of the sale, the director owned 359,380 shares of the company's stock, valued at approximately $6,170,554.60. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 28,812 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.79, for a total value of $426,129.48. Following the sale, the chief technology officer directly owned 804,518 shares of the company's stock, valued at approximately $11,898,821.22. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 310,144 shares of company stock worth $5,049,997 over the last ninety days. 5.10% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC raised its holdings in Amprius Technologies by 89.3% in the second quarter. FNY Investment Advisers LLC now owns 39,302 shares of the company's stock valued at $544,000 after buying an additional 18,545 shares during the period. Janus Henderson Group PLC increased its position in shares of Amprius Technologies by 35.2% in the first quarter. Janus Henderson Group PLC now owns 52,803 shares of the company's stock worth $889,000 after acquiring an additional 13,750 shares in the last quarter. Amundi increased its position in shares of Amprius Technologies by 17.3% in the first quarter. Amundi now owns 164,589 shares of the company's stock worth $2,775,000 after acquiring an additional 24,283 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Amprius Technologies by 48.2% in the 1st quarter. California State Teachers Retirement System now owns 159,903 shares of the company's stock valued at $2,696,000 after acquiring an additional 51,973 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Amprius Technologies by 10.9% in the 1st quarter. Royal Bank of Canada now owns 101,914 shares of the company's stock valued at $1,718,000 after acquiring an additional 9,998 shares during the period. Institutional investors and hedge funds own 5.04% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source