Amprius Technologies (NYSE:AMPX) Shares Up 6.1% – Still a Buy?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price rose 6.1% during trading on Monday . The stock traded as high as $18.89 and last traded at $17.7170. Approximately 11,774,589 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 8,934,350 shares. The stock had previously closed at $16.70.

Wall Street Analyst Weigh In

AMPX has been the topic of a number of recent research reports. Craig Hallum boosted their price objective on 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 upped their price objective on shares of Amprius Technologies from $16.00 to $22.00 and gave the company a “buy” rating in a report on Monday, March 9th. Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a research report on Monday. Roth Mkm reiterated a “buy” rating on shares of Amprius Technologies in a report on Friday. Finally, Wall Street Zen downgraded shares of Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Amprius Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Amprius Technologies Stock Performance

The stock has a market cap of $2.43 billion, a PE ratio of -59.05 and a beta of 2.20. The company’s 50-day moving average price is $17.77 and its 200 day moving average price is $13.31.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $28.54 million for the quarter, compared to analysts’ expectations of $25.72 million. Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. As a group, equities research analysts predict that Amprius Technologies, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In related news, Director Wen Hsuan Hsieh sold 413,146 shares of Amprius Technologies stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $18.44, for a total value of $7,618,412.24. Following the completion of the sale, the director owned 44,444 shares in the company, valued at approximately $819,547.36. This trade represents a 90.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kang Sun sold 1,500,000 shares of Amprius Technologies stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $15.91, for a total transaction of $23,865,000.00. Following the completion of the sale, the director owned 1,342,400 shares of the company’s stock, valued at $21,357,584. This trade represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,539,829 shares of company stock worth $42,323,376 over the last quarter. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors have recently added to or reduced their stakes in AMPX. Voloridge Investment Management LLC acquired a new stake in Amprius Technologies in the 3rd quarter valued at approximately $19,737,000. BNP Paribas Financial Markets boosted its position in Amprius Technologies by 1,117.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after buying an additional 1,784,291 shares during the period. Vanguard Group Inc. boosted its position in 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 buying an additional 1,757,395 shares during the period. Norges Bank purchased a new position in Amprius Technologies in the 4th quarter valued at approximately $10,295,000. Finally, Invesco Ltd. boosted its position in Amprius Technologies by 113.3% in the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after buying an additional 1,263,846 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

About Amprius Technologies

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.