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

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMPX shares. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Northland Securities increased their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Oppenheimer lifted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective on the stock. Finally, B. Riley boosted their target price on Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $9.43.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $3.30 on Wednesday. The company has a 50-day moving average price of $2.91 and a 200-day moving average price of $2.17. The stock has a market capitalization of $349.27 million, a P/E ratio of -7.33 and a beta of 2.56. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $4.21.

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

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, insider Jonathan Bornstein sold 13,527 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $42,339.51. Following the sale, the insider now owns 419,197 shares of the company’s stock, valued at approximately $1,312,086.61. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $28,376.58. Following the sale, the chief technology officer now owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. lifted its stake in Amprius Technologies by 55.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company’s stock valued at $127,000 after acquiring an additional 16,300 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of Amprius Technologies during the fourth quarter valued at about $48,000. Two Sigma Advisers LP purchased a new position in Amprius Technologies during the fourth quarter worth about $128,000. Two Sigma Investments LP boosted its holdings in Amprius Technologies by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after purchasing an additional 338,524 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Amprius Technologies in the 4th quarter valued at about $2,009,000. 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.