Amprius Technologies (NYSE:AMPX) Trading Up 1.9% – Should You Buy?

Shares of Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) were up 1.9% during mid-day trading on Thursday . The stock traded as high as $18.21 and last traded at $17.86. Approximately 5,132,193 shares were traded during trading, a decline of 42% from the average daily volume of 8,912,368 shares. The stock had previously closed at $17.52.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMPX shares. Craig Hallum increased their target price on shares of Amprius Technologies from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. B. Riley Financial increased their target price on shares of Amprius Technologies from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a report on Monday. Eight 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Read Our Latest Research Report on AMPX

Amprius Technologies Trading Down 5.8%

The stock’s fifty day moving average price is $18.26 and its 200-day moving average price is $13.46. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -56.08 and a beta of 2.20.

Amprius Technologies (NYSE:AMPXGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $28.54 million for the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%. Analysts predict that Amprius Technologies, Inc. will post -0.07 earnings per share for the current year.

Insider Activity

In other news, Director Steven Chu sold 155,565 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $18.50, for a total transaction of $2,877,952.50. Following the completion of the sale, the director owned 127,339 shares in the company, valued at $2,355,771.50. This trade represents a 54.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Constantin Ionel Stefan sold 25,366 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.16, for a total transaction of $257,718.56. Following the sale, the chief technology officer owned 723,330 shares of the company’s stock, valued at $7,349,032.80. This represents a 3.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,539,829 shares of company stock worth $42,323,376 over the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds have recently made changes to their positions in the stock. KBC Group NV purchased a new position in shares of Amprius Technologies during the 1st quarter worth approximately $57,000. Quarry LP purchased a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $42,000. Jones Financial Companies Lllp boosted its position in shares of Amprius Technologies by 353.2% during the 3rd 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 purchased a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $54,000. Finally, Leonteq Securities AG purchased a new position in shares of Amprius Technologies during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

(Get Free Report)

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.

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