Amprius Technologies (NYSE:AMPX) Stock Price Up 4.4% – Should You Buy?

Amprius Technologies, Inc. (NYSE:AMPX) shares were up 4.4% on Thursday . The company traded as high as $10.39 and last traded at $10.3450. Approximately 4,082,150 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 8,258,166 shares. The stock had previously closed at $9.91.

Wall Street Analyst Weigh In

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

Amprius Technologies Stock Up 4.4%

The company has a 50 day moving average of $10.31 and a 200 day moving average of $10.37. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -39.79 and a beta of 2.99.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total transaction of $476,330.55. Following the transaction, the director owned 1,403,651 shares of the company’s stock, valued at $15,482,270.53. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the business’s stock in a transaction on 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 directly owned 748,696 shares of the company’s stock, valued at $8,984,352. This represents a 5.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,399,331 shares of company stock worth $26,448,615 over the last three months. Corporate insiders own 12.90% 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 the business. Bank of America Corp DE raised its stake in shares of Amprius Technologies by 31.1% in 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. boosted its position in shares of Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after buying an additional 9,072 shares during the period. Quarry LP acquired a new stake in shares of Amprius Technologies in the third quarter valued at about $42,000. Rhumbline Advisers raised its holdings in shares of Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after buying an additional 5,951 shares during the period. Finally, Legal & General Group Plc lifted its position in Amprius Technologies by 1,385.4% during the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after acquiring an additional 9,684 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.