Stock Traders Buy High Volume of Call Options on Amprius Technologies (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of unusually large options trading on Tuesday. Traders purchased 2,466 call options on the company. This represents an increase of 941% compared to the typical volume of 237 call options.

Wall Street Analyst Weigh In

AMPX has been the subject of several research analyst reports. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Northland Securities dropped their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Oppenheimer dropped their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Roth Mkm dropped their price objective on 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 objective on shares of Amprius Technologies in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and an average target price of $8.17.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $1.54 on Thursday. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $6.02. The firm has a market capitalization of $166.27 million, a P/E ratio of -3.58 and a beta of 2.71. The stock has a 50 day moving average price of $1.08 and a 200-day moving average price of $1.32.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The firm had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities analysts forecast that Amprius Technologies will post -0.5 EPS for the current fiscal year.

Insider Transactions at Amprius Technologies

In related news, Director Justin E. Mirro sold 135,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now directly owns 1,510,000 shares in the company, valued at $1,510,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Justin E. Mirro sold 135,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now directly owns 1,510,000 shares in the company, valued at $1,510,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kang Sun sold 33,333 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the sale, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 469,683 shares of company stock worth $425,318. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Amprius Technologies during the 2nd quarter valued at approximately $72,000. B. Riley Wealth Advisors Inc. increased its position in Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after buying an additional 10,300 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in Amprius Technologies during the 2nd quarter valued at approximately $99,000. Institutional investors own 5.04% of the company’s stock.

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.