Amprius Technologies (NYSE:AMPX) Trading Up 4.7% - What's Next?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price shot up 4.7% during mid-day trading on Friday . The company traded as high as $8.66 and last traded at $8.44. 7,625,104 shares changed hands during trading, an increase of 72% from the average session volume of 4,437,770 shares. The stock had previously closed at $8.06.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMPX. William Blair upgraded Amprius Technologies from a "market perform" rating to an "outperform" rating in a report on Friday. Oppenheimer upped their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. HC Wainwright restated a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. B. Riley reiterated a "buy" rating and set a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a report on Thursday, July 10th. Finally, Roth Mkm restated a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Amprius Technologies currently has a consensus rating of "Buy" and an average price target of $10.17.

Amprius Technologies Stock Up 9.6%

The company has a market cap of $1.04 billion, a price-to-earnings ratio of -21.49 and a beta of 2.68. The company's 50-day moving average is $3.88 and its 200 day moving average is $3.15.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share (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 during the quarter, compared to the consensus estimate of $8.52 million. Analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Transactions at Amprius Technologies

In related news, CFO Sandra Wallach sold 27,595 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 $67,055.85. Following the completion of the sale, the chief financial officer directly owned 1,033,665 shares in the company, valued at approximately $2,511,805.95. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kang Sun sold 69,786 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $169,579.98. Following the completion of the sale, the chief executive officer 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 117,747 shares of company stock valued at $286,125. 12.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

Several large investors have recently made changes to their positions in AMPX. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of Amprius Technologies in the fourth quarter worth about $4,081,000. Essex Investment Management Co. LLC acquired a new position in Amprius Technologies during the 1st quarter worth about $2,508,000. Invesco Ltd. raised its stake 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 buying an additional 897,222 shares during the period. Renaissance Technologies LLC raised its stake in shares of Amprius Technologies by 5,740.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after purchasing an additional 752,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Amprius Technologies in the fourth quarter worth approximately $2,009,000. Institutional investors 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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