Amprius Technologies (NYSE:AMPX) Stock Price Up 2.6% - Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) rose 2.6% on Monday . The company traded as high as $6.61 and last traded at $6.61. Approximately 3,187,380 shares changed hands during trading, an increase of 2% from the average daily volume of 3,123,653 shares. The stock had previously closed at $6.44.

Wall Street Analysts Forecast Growth

AMPX has been the subject of a number of analyst reports. HC Wainwright reissued a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. B. Riley reaffirmed a "buy" rating and issued a $10.00 price objective (up from $6.00) on shares of Amprius Technologies in a research report on Thursday. Oppenheimer boosted their target price on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Finally, Roth Mkm reiterated a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $10.17.

Amprius Technologies Trading Up 3.2%

The stock's fifty day moving average is $3.47 and its two-hundred day moving average is $3.02. The firm has a market cap of $783.62 million, a P/E ratio of -16.21 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $8.52 million. On average, analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 69,786 shares of Amprius Technologies 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 completion of the transaction, the chief executive officer directly owned 1,812,235 shares of the company's stock, valued at $4,403,731.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $67,055.85. Following the transaction, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,747 shares of company stock valued at $286,125. Insiders own 12.90% of the company's stock.

Institutional Trading of Amprius Technologies

A number of large investors have recently made changes to their positions in AMPX. Invesco Ltd. grew its position in Amprius Technologies by 56.5% during the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock valued at $6,957,000 after buying an additional 897,222 shares during the period. Board of Trustees of The Leland Stanford Junior University bought a new stake in Amprius Technologies during the fourth quarter valued at approximately $4,081,000. Millennium Management LLC boosted its position in shares of Amprius Technologies by 94.5% in the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock worth $3,741,000 after purchasing an additional 678,442 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Amprius Technologies in the first quarter worth approximately $2,508,000. Finally, Renaissance Technologies LLC raised its position in shares of Amprius Technologies by 5,740.5% during 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 period. 5.04% of the stock is currently owned by institutional investors.

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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