Amprius Technologies (NYSE:AMPX) Trading Up 3.2% - Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) traded up 3.2% on Monday . The company traded as high as $9.01 and last traded at $8.94. 5,230,641 shares were traded during trading, an increase of 54% from the average session volume of 3,402,467 shares. The stock had previously closed at $8.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMPX shares. William Blair upgraded shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday. B. Riley reissued a "buy" rating and issued a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a research report on Thursday, July 10th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $10.17.

Amprius Technologies Stock Performance

The company's fifty day moving average is $4.00 and its two-hundred day moving average is $3.20. The company has a market cap of $991.56 million, a price-to-earnings ratio of -20.51 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.28 million for the quarter, compared to analysts' expectations of $8.52 million. On average, sell-side analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Constantin Ionel Stefan sold 20,366 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $49,489.38. Following the completion of the sale, the chief technology officer directly owned 866,134 shares in the company, valued at approximately $2,104,705.62. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 69,786 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value 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 approximately $4,403,731.05. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,747 shares of company stock worth $286,125 over the last quarter. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in Amprius Technologies during the 4th quarter worth approximately $28,000. Bank of America Corp DE boosted its position in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after purchasing an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Amprius Technologies during the first quarter valued at approximately $40,000. Cornerstone Partners Capital Management LLC purchased a new stake in shares of Amprius Technologies during the 1st quarter valued at $41,000. Finally, Rhumbline Advisers increased its holdings in shares of Amprius Technologies by 61.1% in the first quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after buying an additional 5,951 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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