Key Points
- Amprius CTO Constantin Ionel Stefan sold 25,024 shares on Nov. 21 at an average price of $10.08 for about $252,242, leaving him with 821,951 shares (a 2.95% reduction in his ownership) per an SEC filing.
- Company beat the quarter but remains unprofitable: Amprius reported EPS of ($0.03) versus a ($0.06) consensus and revenue of $21.43M vs. $16.45M expected, but posted a negative net margin (-53.16%) and negative ROE (-38.85%); analysts have a "Moderate Buy" consensus price target of $14.29.
Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CTO Constantin Ionel Stefan sold 25,024 shares of the firm's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $252,241.92. Following the transaction, the chief technology officer directly owned 821,951 shares in the company, valued at $8,285,266.08. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Amprius Technologies Stock Down 0.5%
AMPX stock opened at $10.74 on Wednesday. The company has a market capitalization of $1.40 billion, a P/E ratio of -41.32 and a beta of 2.87. The company has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $7.88. Amprius Technologies, Inc. has a fifty-two week low of $1.63 and a fifty-two week high of $16.03.
Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million during the quarter, compared to analysts' expectations of $16.45 million. Equities analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.
Institutional Trading of Amprius Technologies
Several hedge funds and other institutional investors have recently modified their holdings of AMPX. Victory Capital Management Inc. lifted its stake in Amprius Technologies by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 11,817 shares of the company's stock worth $124,000 after acquiring an additional 1,516 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Amprius Technologies by 9.3% in the 3rd quarter. Focus Partners Wealth now owns 26,484 shares of the company's stock valued at $276,000 after purchasing an additional 2,245 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Amprius Technologies by 17.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company's stock valued at $81,000 after purchasing an additional 2,873 shares during the period. Bank of America Corp DE lifted its position in shares of Amprius Technologies by 31.1% in the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Amprius Technologies by 353.2% during the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company's stock worth $50,000 after purchasing an additional 3,532 shares during the period. Institutional investors and hedge funds own 5.04% of the company's stock.
Wall Street Analysts Forecast Growth
AMPX has been the topic of several research analyst reports. B. Riley lifted their price target on Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Roth Capital set a $14.00 target price on Amprius Technologies and gave the stock a "buy" rating in a report on Wednesday, October 22nd. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, October 7th. HC Wainwright restated a "buy" rating and set a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Finally, Cantor Fitzgerald boosted their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.29.
Read Our Latest Analysis on Amprius Technologies
Amprius Technologies Company Profile
(
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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