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

Amprius Technologies, Inc. (NYSE:AMPX) was the target of some unusual options trading activity on Monday. Investors bought 3,702 call options on the company. This is an increase of 63% compared to the typical volume of 2,276 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and issued a $6.00 price target on shares of Amprius Technologies in a research report on Friday. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Oppenheimer increased their target price on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday. B. Riley increased their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday. Finally, Northland Securities increased their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $9.43.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 9,066 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the transaction, the chief technology officer now directly owns 421,489 shares in the company, valued at $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,088 shares of company stock valued at $235,025. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in shares of Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after buying an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $30,000. O Dell Group LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $35,000. Finally, Bank of America Corp DE boosted its holdings in shares of Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after buying an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Price Performance

NYSE AMPX traded up $0.47 during trading on Monday, reaching $3.58. 2,118,644 shares of the company’s stock traded hands, compared to its average volume of 1,984,183. The firm has a market cap of $378.37 million, a price-to-earnings ratio of -7.77 and a beta of 2.56. The company’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $2.13. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $10.63 million for the quarter, compared to the consensus estimate of $7.12 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. Research analysts expect that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Amprius Technologies Company Profile

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.