Amprius Technologies (NYSE:AMPX) Trading 9.1% Higher - Here's What Happened

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) traded up 9.1% during mid-day trading on Wednesday . The company traded as high as $4.27 and last traded at $4.27. 3,224,756 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 2,800,209 shares. The stock had previously closed at $3.91.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. B. Riley upped their price target on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Oppenheimer raised their target price on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Roth Mkm reiterated a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a report on Friday, March 21st. Finally, HC Wainwright reissued a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note 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.com, the stock presently has an average rating of "Buy" and an average price target of $9.50.

Amprius Technologies Price Performance

The stock's 50 day moving average price is $2.99 and its two-hundred day moving average price is $2.82. The firm has a market capitalization of $516.53 million, a price-to-earnings ratio of -10.68 and a beta of 2.67.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. The company had revenue of $11.28 million for the quarter, compared to the consensus estimate of $8.52 million. As a group, equities research analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity

In related news, CTO Constantin Ionel Stefan sold 20,366 shares of Amprius Technologies stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $49,489.38. Following the sale, the chief technology officer directly owned 866,134 shares of the company's stock, valued at $2,104,705.62. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandra Wallach sold 27,595 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 value of $67,055.85. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,747 shares of company stock valued at $286,125. Insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors have recently bought and sold shares of AMPX. Rhumbline Advisers grew its position in Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock worth $27,000 after acquiring an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies during the 4th quarter worth approximately $28,000. O Dell Group LLC acquired a new position in shares of Amprius Technologies during the fourth quarter worth about $35,000. Bank of America Corp DE increased its stake in Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock valued at $36,000 after buying an additional 3,055 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Amprius Technologies in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 5.04% of the company's stock.

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.

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