Amprius Technologies (NYSE:AMPX) Trading Up 1.1% - What's Next?

Key Points

• Amprius Technologies (NYSE:AMPX) shares rose by 1.1% on Monday, trading at $7.19, with a notable decline in trading volume of 72% from average levels.
• Analysts have a consensus rating of Buy for Amprius Technologies, with target prices ranging from $10.00 to $18.00, indicating strong bullish sentiment around the stock.
• The company reported quarterly revenue of $15.07 million, exceeding analyst estimates, while continuing to struggle with negative margins and a projected -0.45 EPS for the current year.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price shot up 1.1% during trading on Monday . The company traded as high as $7.16 and last traded at $7.19. 1,431,451 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 5,114,384 shares. The stock had previously closed at $7.11.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMPX shares. HC Wainwright reiterated a "buy" rating and set a $18.00 target price (up from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. William Blair upgraded Amprius Technologies from a "market perform" rating to an "outperform" rating in a report on Friday, July 18th. Roth Capital restated a "buy" rating and set a $10.00 price objective (up from $6.00) on shares of Amprius Technologies in a report on Tuesday, August 5th. B. Riley upped their target price on Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Cantor Fitzgerald raised their price target on Amprius Technologies from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, Amprius Technologies presently has an average rating of "Buy" and an average target price of $11.71.

Amprius Technologies Trading Up 6.0%

The company has a market cap of $900.58 million, a PE ratio of -21.82 and a beta of 2.72. The firm's 50-day simple moving average is $6.27 and its two-hundred day simple moving average is $3.90.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Amprius Technologies by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock valued at $1,626,000 after acquiring an additional 32,681 shares in the last quarter. Invesco Ltd. boosted its stake in Amprius Technologies by 56.5% during the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after buying an additional 897,222 shares during the last quarter. Renaissance Technologies LLC grew its holdings in 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 buying an additional 752,000 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Amprius Technologies in the 4th quarter worth $150,000. Finally, Northern Trust Corp boosted its position in shares of Amprius Technologies by 33.6% during the 4th quarter. Northern Trust Corp now owns 208,420 shares of the company's stock valued at $584,000 after acquiring an additional 52,370 shares during the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

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.