Amprius Technologies (NYSE:AMPX) Shares Down 1.2%

Amprius Technologies, Inc. (NYSE:AMPX)’s share price was down 1.2% on Friday . The stock traded as low as $1.17 and last traded at $1.19. Approximately 349,996 shares were traded during trading, a decline of 51% from the average daily volume of 709,766 shares. The stock had previously closed at $1.20.

Wall Street Analyst Weigh In

AMPX has been the subject of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Thursday, April 4th. Alliance Global Partners dropped their target price on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amprius Technologies currently has a consensus rating of “Buy” and a consensus price target of $10.00.

Amprius Technologies Trading Down 0.8 %

The business’s fifty day moving average is $1.30 and its 200 day moving average is $2.39.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The company had revenue of $2.34 million during the quarter, compared to analysts’ expectations of $1.70 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. Analysts predict that Amprius Technologies, Inc. will post -0.43 EPS for the current year.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, insider Kang Sun sold 19,973 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total transaction of $26,564.09. Following the sale, the insider now directly owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amprius Technologies news, Director Justin E. Mirro sold 260,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $1.13, for a total transaction of $293,800.00. Following the sale, the director now directly owns 1,467,142 shares of the company’s stock, valued at $1,657,870.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kang Sun sold 19,973 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total transaction of $26,564.09. Following the completion of the sale, the insider now owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The disclosure for this sale can be found here. Insiders sold 575,794 shares of company stock valued at $705,406 in the last ninety days. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Amprius Technologies during the fourth quarter worth about $710,000. B. Riley Wealth Advisors Inc. raised its stake in Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after buying an additional 3,575 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Amprius Technologies by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock valued at $44,000 after buying an additional 2,597 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.