Investors Buy High Volume of Amprius Technologies Call Options (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of unusually large options trading activity on Monday. Investors acquired 3,702 call options on the company. This is an increase of 63% compared to the typical volume of 2,276 call options.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMPX shares. Roth Mkm reissued a “buy” rating and set a $6.00 target price on shares of Amprius Technologies in a research note on Friday. Oppenheimer boosted their price objective on Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday. B. Riley raised 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. Northland Securities lifted their target price on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Friday. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $9.43.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $3.30 on Tuesday. The business’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $2.15. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.21. The firm has a market cap of $348.74 million, a price-to-earnings ratio of -7.32 and a beta of 2.56.

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

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 9,066 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the sale, the chief technology officer now directly owns 421,489 shares in the company, valued at $1,319,260.57. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the insider now directly owns 419,197 shares in the company, valued at $1,312,086.61. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,088 shares of company stock valued at $235,025. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the last quarter. Rhumbline Advisers boosted its position in Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after buying an additional 3,222 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after buying an additional 6,700 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Amprius Technologies during the fourth quarter worth approximately $28,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Amprius Technologies in the fourth quarter valued at approximately $30,000. 5.04% of the stock is currently owned by institutional investors.

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.