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Amprius Technologies (NYSE:AMPX) Shares Gap Up - Here's What Happened

Amprius Technologies logo with Business Services background

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.94, but opened at $5.39. Amprius Technologies shares last traded at $5.21, with a volume of 4,026,054 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMPX shares. Oppenheimer boosted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, March 21st. 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 report on Thursday. HC Wainwright reaffirmed a "buy" rating and issued 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 target price on shares of Amprius Technologies in a report on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $10.17.

View Our Latest Stock Analysis on Amprius Technologies

Amprius Technologies Trading Down 0.6%

The business's fifty day simple moving average is $3.47 and its 200 day simple moving average is $3.01. The stock has a market cap of $761.83 million, a P/E ratio of -15.76 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data 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 net margin of 133.34% and a negative return on equity of 67.67%. The firm had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. On average, analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, CEO Kang Sun sold 69,786 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 transaction of $169,579.98. Following the sale, the chief executive officer owned 1,812,235 shares of the company's stock, valued at $4,403,731.05. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $49,489.38. Following the sale, the chief technology officer directly owned 866,134 shares in the company, valued at approximately $2,104,705.62. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,747 shares of company stock valued at $286,125 in the last 90 days. 12.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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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