Amprius Technologies (AMPX) to Release Quarterly Earnings on Thursday

Amprius Technologies (NYSE:AMPX) is expected to announce its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $7.12 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Amprius Technologies Stock Up 9.1 %

Amprius Technologies stock opened at $2.23 on Tuesday. The stock has a market cap of $235.49 million, a P/E ratio of -4.94 and a beta of 2.56. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.21. The company’s 50-day moving average price is $2.97 and its two-hundred day moving average price is $2.09.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 34,353 shares of the firm’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 $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares in the company, valued at $4,014,603.73. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan Bornstein sold 13,527 shares of Amprius Technologies stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $42,339.51. Following the transaction, the insider now owns 419,197 shares in the company, valued at approximately $1,312,086.61. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,088 shares of company stock worth $235,025 over the last quarter. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A hedge fund recently raised its stake in Amprius Technologies stock. Bank of America Corp DE increased its position in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 31.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,890 shares of the company’s stock after buying an additional 3,055 shares during the period. Bank of America Corp DE’s holdings in Amprius Technologies were worth $36,000 at the end of the most recent reporting period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMPX shares. Northland Securities increased their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.29.

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.