Amprius Technologies Target of Unusually High Options Trading (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the target of unusually large options trading activity on Thursday. Investors acquired 4,589 call options on the company. This is an increase of approximately 654% compared to the average daily volume of 609 call options.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $1.35 on Friday. The stock has a market capitalization of $127.06 million, a P/E ratio of -3.13 and a beta of 2.74. Amprius Technologies has a 52-week low of $1.22 and a 52-week high of $10.63. The stock’s 50-day simple moving average is $1.77 and its 200 day simple moving average is $3.12.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $2.34 million for the quarter, compared to analyst estimates of $1.70 million. Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Equities research analysts forecast that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMPX shares. B. Riley dropped their target price on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Thursday, April 4th. Alliance Global Partners reduced their target price on Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Amprius Technologies in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Insider Buying and Selling

In other news, insider Kang Sun sold 19,973 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 35,794 shares of company stock valued at $47,606 over the last quarter. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings 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 worth $44,000 after buying an additional 2,597 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Amprius Technologies in the 3rd quarter worth approximately $58,000. Pathstone Family Office LLC bought a new position in Amprius Technologies in the 3rd quarter valued at $60,000. International Assets Investment Management LLC purchased a new position in shares of Amprius Technologies during the 4th quarter valued at $710,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Amprius Technologies in the fourth quarter worth $84,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.