Amprius Technologies (NYSE:AMPX) Shares Up 5.5% - Still a Buy?

Key Points

• Shares jumped 5.5% to about $10.01 on Monday on volume ~34% above average, giving Amprius a market cap near $1.31 billion.
• Street analysts show a Moderate Buy consensus with an average price target of $14.57 (seven Buys, one Sell), and several firms have raised targets into the $14–$20 range.
• Amprius beat the quarter (EPS -$0.03 vs. -$0.06; revenue $21.4M vs. $16.45M) but remains unprofitable with negative margins and a -$0.45 EPS outlook for the year, and insiders have sold material stakes — the CEO sold 1,000,000 shares.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) shares traded up 5.5% during mid-day trading on Monday . The stock traded as high as $10.42 and last traded at $10.0060. 8,836,470 shares changed hands during trading, an increase of 34% from the average session volume of 6,573,297 shares. The stock had previously closed at $9.48.

Analyst Upgrades and Downgrades

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

Amprius Technologies Stock Up 5.5%

The business has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $9.49. The stock has a market capitalization of $1.31 billion, a P/E ratio of -38.48 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The company had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. On average, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of the company's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the sale, the chief executive officer directly owned 1,472,306 shares of the company's stock, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies 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 transaction, the chief technology officer owned 748,696 shares of the company's stock, valued at $7,868,794.96. This trade represents a 20.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,291,934 shares of company stock worth $13,627,944. Company insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Voloridge Investment Management LLC acquired a new stake in shares of Amprius Technologies in the third quarter valued at $19,737,000. BNP Paribas Financial Markets grew its holdings in Amprius Technologies by 1,117.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company's stock worth $20,450,000 after acquiring an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. increased its position in Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company's stock valued at $68,513,000 after acquiring an additional 1,757,395 shares in the last quarter. Invesco Ltd. raised its stake in shares of Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company's stock worth $25,031,000 after acquiring an additional 1,263,846 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in shares of Amprius Technologies in the third quarter worth about $11,392,000. 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.

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