Amprius Technologies, Inc. (NYSE:AMPX) CTO Sells $16,807.00 in Stock

Amprius Technologies, Inc. (NYSE:AMPX) CTO Constantin Ionel Stefan sold 8,575 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $16,807.00. Following the transaction, the chief technology officer now owns 430,555 shares of the company’s stock, valued at approximately $843,887.80. This represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Amprius Technologies Stock Down 2.0 %

Shares of AMPX stock opened at $1.94 on Monday. The company’s fifty day simple moving average is $1.41 and its 200-day simple moving average is $1.29. The firm has a market cap of $205.33 million, a PE ratio of -4.31 and a beta of 2.42. Amprius Technologies, Inc. has a 12 month low of $0.61 and a 12 month high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. On average, equities analysts predict that Amprius Technologies, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. lifted its position in shares of Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares in the last quarter. XTX Topco Ltd bought a new stake in Amprius Technologies during the second quarter worth $72,000. AQR Capital Management LLC bought a new stake in Amprius Technologies during the second quarter worth $99,000. Charles Schwab Investment Management Inc. raised its position in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after acquiring an additional 152,102 shares in the last quarter. Finally, State Street Corp raised its position in Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after acquiring an additional 12,900 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMPX. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Oppenheimer reduced their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Northland Securities reduced their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Roth Mkm reduced their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Amprius Technologies currently has a consensus rating of “Buy” and an average price target of $8.17.

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.