Amprius Technologies (NYSE:AMPX) Trading 5.8% Higher – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price shot up 5.8% during mid-day trading on Wednesday . The company traded as high as $11.54 and last traded at $11.4950. 5,182,862 shares changed hands during trading, a decline of 16% from the average session volume of 6,146,212 shares. The stock had previously closed at $10.86.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMPX. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, October 7th. Cantor Fitzgerald boosted their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. B. Riley upped their target price on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, August 8th. HC Wainwright reiterated a “buy” rating and issued a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.29.

Amprius Technologies Trading Down 0.2%

The company has a market cap of $1.59 billion, a P/E ratio of -46.88 and a beta of 2.94. The business’s 50 day simple moving average is $12.02 and its 200 day simple moving average is $8.28.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $16.45 million. Sell-side analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Transactions at Amprius Technologies

In other news, CEO Kang Sun sold 68,655 shares of Amprius Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $10.08, for a total transaction of $692,042.40. Following the sale, the chief executive officer owned 1,403,651 shares in the company, valued at $14,148,802.08. This trade represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 25,024 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92. Following the completion of the transaction, the chief technology officer directly owned 821,951 shares in the company, valued at $8,285,266.08. This trade represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,093,679 shares of company stock worth $11,544,284. Insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Amprius Technologies by 761.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 15,220 shares of the company’s stock worth $160,000 after buying an additional 13,454 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Amprius Technologies in the 3rd quarter worth approximately $212,000. PharVision Advisers LLC purchased a new stake in shares of Amprius Technologies during the 3rd quarter worth approximately $279,000. XTX Topco Ltd boosted its position in shares of Amprius Technologies by 1,560.3% during the 3rd quarter. XTX Topco Ltd now owns 173,005 shares of the company’s stock valued at $1,820,000 after acquiring an additional 162,585 shares during the last quarter. Finally, Voleon Capital Management LP purchased a new position in shares of Amprius Technologies in the third quarter valued at $352,000. Hedge funds and other 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.