Amprius Technologies Sees Unusually Large Options Volume (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of some unusual options trading activity on Thursday. Investors acquired 22,391 call options on the stock. This is an increase of approximately 141% compared to the typical daily volume of 9,288 call options.

Amprius Technologies Stock Up 11.8%

Shares of NYSE:AMPX traded up $1.42 during midday trading on Thursday, reaching $13.40. The company’s stock had a trading volume of 15,015,869 shares, compared to its average volume of 8,045,659. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -52.11 and a beta of 3.04. The business has a 50 day moving average price of $10.16 and a 200 day moving average price of $9.95. Amprius Technologies has a 1 year low of $1.70 and a 1 year high of $16.03.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm 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%. Sell-side analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Kang Sun sold 43,185 shares of Amprius Technologies stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total value of $476,330.55. Following the completion of the sale, the director directly owned 1,403,651 shares of the company’s stock, valued at approximately $15,482,270.53. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 492,827 shares of Amprius Technologies stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $9,014,299.84. This trade represents a 39.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,359,641 shares of company stock valued at $36,572,335. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently bought and sold shares of AMPX. Quarry LP bought a new stake in Amprius Technologies during the third quarter valued at $42,000. Jones Financial Companies Lllp boosted its holdings in shares of Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after buying an additional 3,532 shares during the period. Parallel Advisors LLC bought a new stake in shares of Amprius Technologies during the 3rd quarter valued at about $54,000. Geneos Wealth Management Inc. bought a new stake in shares of Amprius Technologies during the 3rd quarter valued at about $74,000. Finally, Ameritas Investment Partners Inc. raised its stake in Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after acquiring an additional 9,072 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.