Amprius Technologies (NYSE:AMPX) Shares Down 1.2%

Amprius Technologies (NYSE:AMPX) shares were down 1.2% during mid-day trading on Friday. The company traded as low as $1.17 and last traded at $1.19. Approximately 349,996 shares traded hands during trading, a decline of 51% from the average daily volume of 709,766 shares. The stock had previously closed at $1.20.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) shares were down 1.2% during mid-day trading on Friday . The company traded as low as $1.17 and last traded at $1.19. Approximately 349,996 shares traded hands during trading, a decline of 51% from the average daily volume of 709,766 shares. The stock had previously closed at $1.20.

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Wall Street Analyst Weigh In

The EV bubble burst: Tesla looks to the future but wait to buy in

A number of equities analysts have recently issued reports on AMPX shares. Alliance Global Partners lowered their price objective on Amprius Technologies from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, May 10th. B. Riley upgraded Amprius Technologies to a "strong-buy" rating in a research report on Tuesday, June 25th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Thursday, April 4th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $10.00.

View Our Latest Stock Analysis on Amprius Technologies

Amprius Technologies Stock Down 1.2 %

Enovix: a short-squeeze candidate setting up for success

The stock has a 50 day simple moving average of $1.30 and a 200 day simple moving average of $2.40. The stock has a market cap of $127.94 million, a price-to-earnings ratio of -2.76 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The firm had revenue of $2.34 million during the quarter, compared to analysts' expectations of $1.70 million. During the same quarter last year, the firm posted ($0.11) earnings per share. Equities analysts expect that Amprius Technologies, Inc. will post -0.43 earnings per share for the current year.

Insider Activity

Amprius Technologies amps the market and enters a reversal

In other news, insider Kang Sun sold 19,973 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the transaction, the insider now owns 1,399,697 shares in the company, valued at $1,861,597.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Justin E. Mirro sold 280,000 shares of Amprius Technologies stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total transaction of $364,000.00. Following the sale, the director now directly owns 1,715,000 shares in the company, valued at $2,229,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kang Sun sold 19,973 shares of Amprius Technologies stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the sale, the insider now owns 1,399,697 shares in the company, valued at $1,861,597.01. The disclosure for this sale can be found here. Insiders have sold 575,794 shares of company stock worth $705,406 over the last 90 days. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Amprius Technologies by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company's stock valued at $44,000 after buying an additional 2,597 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company's stock valued at $83,000 after buying an additional 3,575 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Amprius Technologies in the fourth quarter valued at $710,000. 5.04% of the stock is currently owned by institutional investors.

About Amprius Technologies

(Get Free Report)

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.

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