Amprius Technologies (NYSE:AMPX) Shares Up 6.3% – Here’s What Happened

by · The Markets Daily

Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report)’s stock price shot up 6.3% during trading on Thursday . The stock traded as high as $12.49 and last traded at $12.24. 6,696,825 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 6,148,619 shares. The stock had previously closed at $11.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMPX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price (up previously from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. B. Riley boosted their price target on Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Roth Capital set a $14.00 price target on Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Check Out Our Latest Stock Analysis on AMPX

Amprius Technologies Trading Up 6.3%

The firm has a 50-day moving average price of $11.97 and a 200-day moving average price of $8.19. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -47.08 and a beta of 2.94.

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

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 25,024 shares of Amprius Technologies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92. Following the transaction, the chief technology officer owned 821,951 shares of the company’s stock, valued at $8,285,266.08. The trade was a 2.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kang Sun sold 68,655 shares of the business’s 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 transaction, the chief executive officer directly owned 1,403,651 shares in the company, valued at $14,148,802.08. The trade was a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,093,679 shares of company stock worth $11,544,284. Company insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Amprius Technologies during the 3rd quarter worth $42,000. Jones Financial Companies Lllp increased its stake in shares of Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares during the period. Parallel Advisors LLC acquired a new position in shares of Amprius Technologies during the 3rd quarter worth about $54,000. Geneos Wealth Management Inc. acquired a new position in shares of Amprius Technologies during the 3rd quarter worth about $74,000. Finally, Ameritas Investment Partners Inc. boosted its stake in Amprius Technologies by 2,043.2% during the 2nd 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 period. 5.04% of the stock is currently owned by institutional investors.

Amprius Technologies Company Profile

(Get Free Report)

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.

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