Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,780,000 shares, a growth of 7.8% from the September 15th total of 2,580,000 shares. Based on an average daily trading volume, of 905,500 shares, the short-interest ratio is currently 3.1 days. Currently, 7.6% of the shares of the company are sold short.

Amprius Technologies Stock Down 7.3 %

Shares of NYSE AMPX opened at $1.27 on Wednesday. The firm has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $1.34. The stock has a market capitalization of $137.12 million, a price-to-earnings ratio of -2.95 and a beta of 2.71. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $6.02.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The business had revenue of $3.35 million during the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. During the same quarter in the previous year, the company posted ($0.11) EPS. As a group, equities research analysts expect that Amprius Technologies will post -0.5 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other news, Director Justin E. Mirro sold 135,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total value of $135,000.00. Following the sale, the director now owns 1,510,000 shares in the company, valued at $1,510,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Justin E. Mirro sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the sale, the director now owns 1,195,000 shares in the company, valued at approximately $967,950. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 1,510,000 shares of the company’s stock, valued at $1,510,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,683 shares of company stock worth $425,318. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after acquiring an additional 10,300 shares during the period. AQR Capital Management LLC acquired a new position in shares of Amprius Technologies in the 2nd quarter valued at $99,000. Finally, XTX Topco Ltd purchased a new position in shares of Amprius Technologies during the 2nd quarter worth $72,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMPX has been the subject of several recent analyst reports. Northland Securities cut their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Roth Mkm reduced their target price on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Oppenheimer decreased their target price on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Monday, August 12th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $8.17.

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.