Amprius Technologies (NYSE:AMPX) Shares Up 10.2% - What's Next?

Key Points

• Amprius Technologies' share price increased by 10.2% during mid-day trading, reaching a high of $13.17 before closing at $12.85.
• Analysts' ratings for Amprius Technologies vary, with a consensus of "Moderate Buy" and an average target price of $13.71, driven by upgrades from B. Riley and Cantor Fitzgerald, among others.
• Recent insider selling involved CFO Sandra Wallach and CEO Kang Sun, who sold 28,390 and 65,654 shares, respectively, decreasing their holdings by 2.75% and 4.27%.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price traded up 10.2% during mid-day trading on Friday . The stock traded as high as $13.17 and last traded at $12.85. 6,267,882 shares changed hands during trading, an increase of 4% from the average session volume of 5,999,619 shares. The stock had previously closed at $11.66.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald boosted their price target 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. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research report on Friday. 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. Finally, William Blair raised shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday, July 18th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.71.

Amprius Technologies Price Performance

The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -38.93 and a beta of 2.85. The business's 50 day simple moving average is $9.95 and its 200 day simple moving average is $6.24.

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

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 28,390 shares of Amprius Technologies stock in a transaction 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 directly owned 1,005,275 shares in the company, valued at approximately $6,855,975.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 65,654 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $447,760.28. Following the transaction, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $10,041,126.92. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,203 shares of company stock worth $772,044. 12.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of Amprius Technologies during the third quarter worth about $74,000. Ameritas Investment Partners Inc. increased its stake in shares of Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company's stock worth $40,000 after acquiring an additional 9,072 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Amprius Technologies during the second quarter worth about $42,000. Legal & General Group Plc increased its stake in shares of Amprius Technologies by 1,385.4% during the second quarter. Legal & General Group Plc now owns 10,383 shares of the company's stock worth $44,000 after acquiring an additional 9,684 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the second quarter worth about $44,000. 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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