Amprius Technologies (NYSE:AMPX) Trading Up 2.6% - Time to 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.

Analyst Ratings Changes

AMPX has been the subject of several recent research reports. HC Wainwright restated a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Roth Mkm reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. B. Riley reissued a "buy" rating and set a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a report on Thursday, July 10th. Finally, Oppenheimer raised their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $10.17.

Amprius Technologies Stock Up 8.2%

The company has a 50 day simple moving average of $3.77 and a 200 day simple moving average of $3.12. The stock has a market cap of $950.26 million, a price-to-earnings ratio of -19.65 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating 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. As a group, analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In related news, CFO Sandra Wallach sold 27,595 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $67,055.85. Following the completion of the transaction, the chief financial officer owned 1,033,665 shares in the company, valued at $2,511,805.95. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $49,489.38. Following the completion of the transaction, the chief technology officer owned 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,747 shares of company stock worth $286,125. Insiders own 12.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in shares of Amprius Technologies during the fourth quarter worth $43,000. American Century Companies Inc. acquired a new position in shares of Amprius Technologies in the 4th quarter valued at about $68,000. AXQ Capital LP bought a new stake in shares of Amprius Technologies during the 4th quarter valued at about $44,000. Lexington Partners L.P. acquired a new stake in Amprius Technologies during the fourth quarter worth approximately $215,000. Finally, Diametric Capital LP acquired a new stake in Amprius Technologies during the fourth quarter worth approximately $68,000. 5.04% of the stock is 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.