Amprius Technologies (NYSE:AMPX) Shares Up 9.6% - Should You Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) traded up 9.6% during trading on Tuesday . The stock traded as high as $7.71 and last traded at $7.38. 7,431,366 shares were traded during mid-day trading, an increase of 135% from the average session volume of 3,159,523 shares. The stock had previously closed at $6.73.

Wall Street Analyst Weigh In

Several analysts recently commented on AMPX shares. B. Riley restated a "buy" rating and set a $10.00 price target (up previously from $6.00) on shares of Amprius Technologies in a research report on Thursday, July 10th. HC Wainwright restated a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Oppenheimer raised their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Finally, Roth Mkm restated a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Six equities research 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, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.17.

Amprius Technologies Price Performance

The business's 50 day simple moving average is $3.77 and its 200 day simple moving average is $3.12. The company has a market capitalization of $950.26 million, a PE 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) EPS for the quarter, topping 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 company had revenue of $11.28 million for the quarter, compared to the consensus estimate of $8.52 million. As a group, analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies 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 sale, the chief executive officer directly owned 1,812,235 shares in the company, valued at $4,403,731.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 20,366 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 $49,489.38. Following the sale, the chief technology officer owned 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,747 shares of company stock worth $286,125 over the last three months. Insiders own 12.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after acquiring an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new position in Amprius Technologies during the 4th quarter worth approximately $4,081,000. Millennium Management LLC grew its holdings in Amprius Technologies by 94.5% during the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock worth $3,741,000 after acquiring an additional 678,442 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Amprius Technologies during the 1st quarter worth approximately $2,508,000. Finally, Renaissance Technologies LLC lifted 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 worth $2,142,000 after buying an additional 752,000 shares during the last quarter. 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.