Amprius Technologies (NYSE:AMPX) Stock Price Up 13.9% – Time to Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price rose 13.9% during mid-day trading on Friday. The company traded as high as $8.62 and last traded at $8.5650. Approximately 4,141,570 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 7,468,218 shares. The stock had previously closed at $7.52.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. National Bank Financial set a $18.00 price objective on Amprius Technologies in a research note on Tuesday, September 29th. Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. Canaccord Genuity Group initiated coverage on Amprius Technologies in a research report on Wednesday, October 14th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amprius Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $21.42.

Amprius Technologies Trading Up 14.7%

The company has a market capitalization of $1.22 billion, a P/E ratio of -29.57 and a beta of 2.36. The business’s 50-day simple moving average is $9.14 and its 200 day simple moving average is $13.26.

Insider Buying and Selling

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the transaction, the director directly owned 1,218,397 shares of the company’s stock, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 8,000 shares of Amprius Technologies stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.03, for a total value of $80,240.00. Following the transaction, the chief executive officer owned 594,096 shares in the company, valued at approximately $5,958,782.88. This trade represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 123,311 shares of company stock valued at $1,272,556 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Amprius Technologies by 192.1% in the third quarter. Russell Investments Group Ltd. now owns 592,881 shares of the company’s stock worth $5,739,000 after acquiring an additional 389,922 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Amprius Technologies by 10.4% in the 3rd quarter. Alps Advisors Inc. now owns 203,590 shares of the company’s stock valued at $1,971,000 after acquiring an additional 19,107 shares during the last quarter. CenterBook Partners LP acquired a new stake in Amprius Technologies in the 3rd quarter valued at about $634,000. Kestra Advisory Services LLC lifted its holdings in Amprius Technologies by 37.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 20,270 shares of the company’s stock valued at $196,000 after acquiring an additional 5,561 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Amprius Technologies by 14.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,809 shares of the company’s stock valued at $211,000 after purchasing an additional 2,764 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

About Amprius Technologies

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using its silicon nanowire anode technology. The company’s batteries are designed to provide greater energy density and faster charging than conventional lithium-ion cells, supporting applications where weight, size and performance are important.

Its product portfolio includes lightweight pouch-format battery cells and related battery technologies for electric aviation, aerospace, defense, drones, high-altitude platforms, electric vehicles and other e-mobility applications.