Amprius Technologies (NYSE:AMPX) Shares Climb 9.4% – Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price shot up 9.4% on Monday. The company traded as high as $9.68 and last traded at $9.54. 7,378,787 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 7,477,873 shares. The stock had previously closed at $8.72.

Amprius Technologies News Roundup

Here’s some of the latest news about AMPX:

• Positive Sentiment: Third-quarter revenue rose 83% year over year to $39.1 million, beating analyst expectations of about $35.8 million. Gross profit increased to $10.5 million, and the net loss narrowed to $3.5 million from $3.9 million a year earlier. Q3 results and business highlights
• Positive Sentiment: Amprius projected 2026 revenue of $145 million, above the roughly $140.6 million consensus estimate. It also outlined plans for U.S. pouch-cell production capacity of 12 million cells annually by early 2028, supporting its growth ambitions. Revenue target and capacity plans
• Negative Sentiment: Quarterly EPS was a loss of $0.02, missing the consensus estimate of a $0.01 loss. The earnings shortfall likely overshadowed the revenue beat and contributed to the shares’ decline following the results. Q3 loss report

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group initiated coverage on Amprius Technologies in a research note on Wednesday, October 14th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. HC Wainwright restated a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. National Bank Financial set a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Amprius Technologies in a research note on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amprius Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $21.42.

Amprius Technologies Stock Down 6.6%

The stock has a market cap of $1.21 billion, a P/E ratio of -29.52 and a beta of 2.36. The company has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $13.23.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Tuesday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Amprius Technologies had a negative return on equity of 12.63% and a negative net margin of 35.16%. The firm had revenue of $39.15 million during the quarter, compared to the consensus estimate of $35.80 million. During the same quarter in the prior year, the business posted ($0.03) EPS. As a group, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Stefan sold 29,681 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the sale, the chief technology officer owned 771,629 shares of the company’s stock, valued at $7,978,643.86. This trade represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the firm’s 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 sale, the director directly owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 123,311 shares of company stock valued at $1,272,556 in the last quarter. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMPX. TD Waterhouse Canada Inc. lifted its holdings in Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after buying an additional 1,643 shares during the period. KBC Group NV bought a new position in shares of Amprius Technologies during the first quarter valued at approximately $57,000. Allworth Financial LP raised its holdings in shares of Amprius Technologies by 1,150.6% during the second quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock valued at $63,000 after acquiring an additional 4,165 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Amprius Technologies by 847.2% during the third quarter. Sterling Capital Management LLC now owns 4,575 shares of the company’s stock valued at $44,000 after acquiring an additional 4,092 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Amprius Technologies in the second quarter worth $79,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc. develops and manufactures lithium-ion batteries designed to provide high energy density and power. Its battery technology uses silicon-based anodes, an alternative to the graphite anodes commonly used in conventional lithium-ion cells. The company’s products are designed for applications where low weight and high performance are important, including electric aviation, drones, aerospace, defense and other mobility markets. Amprius offers silicon-anode cells for customers developing these systems.