Amprius Technologies (NYSE:AMPX) Trading Up 2% - Should You Buy?

Key Points

• Amprius Technologies shares rose 2% to about $12.04 in mid-day trading, while volume was 45% below the average daily level. The company has a $1.71 billion market capitalization and trades below its 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive but mixed, with a consensus rating of “Moderate Buy” and an average price target of $23.00. Recent targets range from $24 to $30, although some firms maintain Hold or Sell ratings.
• Company insiders sold 310,144 shares worth approximately $5.05 million over the past 90 days, while insiders own 5.10% of the stock. Amprius develops high-energy-density lithium-ion batteries using proprietary silicon nanowire anode technology.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) rose 2% during mid-day trading on Tuesday . The stock traded as high as $12.09 and last traded at $12.0410. Approximately 4,640,550 shares were traded during trading, a decline of 45% from the average daily volume of 8,374,082 shares. The stock had previously closed at $11.81.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMPX shares. JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They set a "buy" rating and a $30.00 price target on the stock. Northland Securities set a $24.00 price target on Amprius Technologies in a research note on Monday, May 11th. Zacks Research upgraded Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Amprius Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Amprius Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Amprius Technologies Trading Up 2.0%

The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -41.52 and a beta of 2.34. The firm's fifty day moving average price is $13.28 and its 200 day moving average price is $14.94.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 67,796 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the transaction, the director directly owned 1,280,854 shares in the company, valued at $18,943,830.66. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 2,000 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $20.97, for a total value of $41,940.00. Following the transaction, the chief executive officer owned 625,625 shares of the company's stock, valued at approximately $13,119,356.25. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 310,144 shares of company stock worth $5,049,997 in the last ninety days. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position 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 acquiring an additional 3,055 shares in the last quarter. Quarry LP acquired a new stake in shares of Amprius Technologies during the third quarter worth about $42,000. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after purchasing an additional 5,951 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company's stock valued at $44,000 after purchasing an additional 9,684 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Amprius Technologies in the second quarter valued at approximately $44,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc NYSE: AMPX is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

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