Amprius Technologies (NYSE:AMPX) Stock Price Up 2.5% – Here’s What Happened

Shares of Amprius Technologies, Inc. (NYSE:AMPX) traded up 2.5% during mid-day trading on Friday . The stock traded as high as $9.60 and last traded at $9.4750. 6,228,149 shares traded hands during trading, an increase of 1% from the average session volume of 6,187,596 shares. The stock had previously closed at $9.24.

Analyst Upgrades and Downgrades

AMPX has been the topic of several research reports. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Cantor Fitzgerald increased their price objective on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Northland Securities set a $20.00 target price on Amprius Technologies in a research report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.57.

Amprius Technologies Stock Performance

The company has a market cap of $1.24 billion, a P/E ratio of -36.44 and a beta of 3.04. The company has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $9.41.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The business had revenue of $21.43 million for the quarter, compared to analyst estimates of $16.45 million. Research analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling

In other news, CTO Constantin Ionel Stefan sold 198,255 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $7,868,794.96. This represents a 20.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kang Sun sold 68,655 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 1,403,651 shares of the company’s stock, valued at $14,148,802.08. This represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,291,934 shares of company stock worth $13,627,944. Company insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after purchasing an additional 1,757,395 shares during the period. Invesco Ltd. grew its holdings in Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the period. BNP Paribas Financial Markets increased its position in Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after buying an additional 1,784,291 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Amprius Technologies in the third quarter valued at approximately $19,737,000. Finally, Two Sigma Investments LP lifted its position in shares of Amprius Technologies by 24.2% in the third quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock valued at $18,448,000 after buying an additional 341,969 shares during the last quarter. 5.04% of the stock is currently 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.