Amprius Technologies (NYSE:AMPX) Shares Up 15.7% – Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX) shot up 15.7% during trading on Friday . The stock traded as high as $12.28 and last traded at $12.24. 8,513,106 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 9,115,983 shares. The stock had previously closed at $10.58.

Analyst Ratings Changes

AMPX has been the topic of a number of research reports. Cantor Fitzgerald lifted their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Roth Mkm set a $14.00 price objective on shares of Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a report on Tuesday, December 23rd. Needham & Company LLC began coverage on Amprius Technologies in a research report on Thursday, January 29th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Amprius Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $16.57.

Amprius Technologies Price Performance

The stock’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $10.19. The firm has a market cap of $1.60 billion, a P/E ratio of -47.08 and a beta of 2.99.

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

Insiders Place Their Bets

In related news, Director Kang Sun sold 43,185 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total transaction of $476,330.55. Following the sale, the director directly owned 1,403,651 shares of the company’s stock, valued at approximately $15,482,270.53. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $476,280.00. Following the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $8,984,352. This represents a 5.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,399,331 shares of company stock worth $37,048,615. Insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Leonteq Securities AG bought a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $47,000. ProShare Advisors LLC lifted its position in Amprius Technologies by 26.5% in the 4th quarter. ProShare Advisors LLC now owns 20,159 shares of the company’s stock valued at $159,000 after acquiring an additional 4,222 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Amprius Technologies by 33.1% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,441,698 shares of the company’s stock valued at $11,375,000 after purchasing an additional 358,791 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Amprius Technologies by 43.8% in the 4th quarter. Stephens Inc. AR now owns 29,227 shares of the company’s stock worth $231,000 after purchasing an additional 8,896 shares in the last quarter. Finally, EWA LLC raised its stake in shares of Amprius Technologies by 3.8% in the fourth quarter. EWA LLC now owns 19,958 shares of the company’s stock worth $157,000 after purchasing an additional 723 shares during the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

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.