Amprius Technologies (NYSE:AMPX) Shares Up 4.7% - Time to Buy?

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

Analyst Ratings Changes

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

Amprius Technologies Trading Down 2.6%

The company has a market capitalization of $994.74 million, a PE ratio of -20.72 and a beta of 2.68. The company has a fifty day simple moving average of $4.00 and a 200-day simple moving average of $3.20.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The company had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. Amprius Technologies had a negative net margin of 133.34% and a negative return on equity of 67.67%. On average, equities analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 20,366 shares of the company's stock in a transaction 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 sale, the chief technology officer directly owned 866,134 shares in the company, valued at $2,104,705.62. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sandra Wallach sold 27,595 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 transaction of $67,055.85. Following the completion of the sale, the chief financial officer owned 1,033,665 shares in the company, valued at approximately $2,511,805.95. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,747 shares of company stock worth $286,125 in the last ninety days. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in Amprius Technologies during the 4th quarter valued at about $28,000. Bank of America Corp DE lifted its position in shares of Amprius Technologies by 31.1% during the fourth 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. Edmond DE Rothschild Holding S.A. acquired a new position in Amprius Technologies in the 1st quarter worth approximately $40,000. Cornerstone Partners Capital Management LLC acquired a new stake in shares of Amprius Technologies during the 1st quarter worth approximately $41,000. Finally, Rhumbline Advisers grew its stake in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock valued at $42,000 after acquiring an additional 5,951 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.