Amprius Technologies, Inc. (NYSE:AMPX) Sees Large Drop in Short Interest

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,010,000 shares, a decrease of 8.2% from the June 30th total of 1,100,000 shares. Based on an average daily trading volume, of 826,800 shares, the short-interest ratio is presently 1.2 days. Approximately 3.0% of the shares of the company are short sold.

Amprius Technologies Stock Down 2.5 %

AMPX stock traded down $0.03 during midday trading on Thursday, hitting $1.17. 684,398 shares of the company traded hands, compared to its average volume of 703,475. The business has a 50 day simple moving average of $1.28 and a 200-day simple moving average of $2.31. Amprius Technologies has a twelve month low of $1.01 and a twelve month high of $7.58. The stock has a market capitalization of $126.32 million, a price-to-earnings ratio of -2.72 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $2.34 million for the quarter, compared to the consensus estimate of $1.70 million. Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. During the same quarter last year, the firm posted ($0.11) EPS. Equities research analysts forecast that Amprius Technologies will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMPX shares. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research note on Thursday, April 4th. Finally, Alliance Global Partners lowered their price target on Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amprius Technologies presently has an average rating of “Buy” and an average target price of $10.00.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, insider Kang Sun sold 19,973 shares of Amprius Technologies stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the completion of the transaction, the insider now directly owns 1,399,697 shares in the company, valued at $1,861,597.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amprius Technologies news, Director Justin E. Mirro sold 280,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total transaction of $364,000.00. Following the completion of the transaction, the director now directly owns 1,715,000 shares of the company’s stock, valued at approximately $2,229,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kang Sun sold 19,973 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total transaction of $26,564.09. Following the sale, the insider now owns 1,399,697 shares of the company’s stock, valued at $1,861,597.01. The disclosure for this sale can be found here. Insiders sold a total of 575,794 shares of company stock valued at $705,406 in the last quarter. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in Amprius Technologies in the 4th quarter worth $710,000. Tower Research Capital LLC TRC lifted its stake in shares of Amprius Technologies by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock valued at $44,000 after buying an additional 2,597 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after acquiring an additional 3,575 shares during the period. 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.