Amprius Technologies (NYSE:AMPX) Trading 7% Higher – Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price shot up 7% on Wednesday . The stock traded as high as $10.38 and last traded at $10.3510. Approximately 6,756,271 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 6,687,094 shares. The stock had previously closed at $9.67.

Analyst Ratings Changes

Several research firms recently commented on AMPX. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Cantor Fitzgerald lifted their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research note on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Amprius Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.57.

Amprius Technologies Trading Up 7.0%

The stock has a market capitalization of $1.35 billion, a PE ratio of -39.81 and a beta of 3.04. The business has a fifty day moving average price of $10.33 and a 200-day moving average price of $9.52.

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

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the sale, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at $7,868,794.96. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kang Sun sold 68,655 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $14,148,802.08. The trade was a 4.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,291,934 shares of company stock valued at $13,627,944. Company 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. Bank of America Corp DE boosted its holdings in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares during the period. Ameritas Investment Partners Inc. lifted its position in Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after purchasing an additional 9,072 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Amprius Technologies during the second quarter valued at approximately $42,000. Quarry LP bought a new position in shares of Amprius Technologies in the third quarter worth approximately $42,000. Finally, Rhumbline Advisers increased its stake 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. Institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.