Key Points
- Director Kang Sun sold 506,267 shares on Jan. 12 at an average price of $10.10 for about $5.11 million, cutting his stake by 26.51% to 1,403,651 shares; this follows prior November sales totaling 1,068,655 shares (1,000,000 on Nov. 17 and 68,655 on Nov. 21).
- Amprius (NYSE:AMPX) has a market cap of about $1.35 billion and remains unprofitable despite a recent quarter where EPS of -$0.03 and revenue of $21.43 million both beat expectations; the company still shows negative ROE and net margin.
- Analyst sentiment is mixed-to-positive with a consensus rating of "Moderate Buy", an average target price of $14.57, and individual targets ranging roughly from $12 to $20 (seven Buys, one Sell).
Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) Director Kang Sun sold 506,267 shares of the company's stock in a transaction on Monday, January 12th. The shares were sold at an average price of $10.10, for a total transaction of $5,113,296.70. Following the completion of the sale, the director owned 1,403,651 shares of the company's stock, valued at approximately $14,176,875.10. This represents a 26.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kang Sun also recently made the following trade(s):
- On Friday, November 21st, Kang Sun sold 68,655 shares of Amprius Technologies stock. The stock was sold at an average price of $10.08, for a total value of $692,042.40.
- On Monday, November 17th, Kang Sun sold 1,000,000 shares of Amprius Technologies stock. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00.
Amprius Technologies Price Performance
Shares of Amprius Technologies stock opened at $10.35 on Thursday. The company has a market capitalization of $1.35 billion, a P/E ratio of -39.81 and a beta of 3.04. The business has a 50-day moving average of $10.28 and a two-hundred day moving average of $9.53. Amprius Technologies, Inc. has a 1 year low of $1.70 and a 1 year high of $16.03.
Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The business had revenue of $21.43 million for the quarter, compared to analysts' expectations of $16.45 million. On average, equities analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AMPX has been the subject of several research reports. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research report on Tuesday, October 7th. Oppenheimer reiterated an "outperform" rating and set a $17.00 target price on shares of Amprius Technologies in a report on Tuesday, December 23rd. Cantor Fitzgerald boosted their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Finally, Roth Capital set a $14.00 target price on Amprius Technologies and gave the company a "buy" rating in a research report on Wednesday, October 22nd. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.57.
View Our Latest Report on Amprius Technologies
Institutional Investors Weigh In On Amprius Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC bought a new position in shares of Amprius Technologies in the 3rd quarter valued at about $19,737,000. BNP Paribas Financial Markets boosted its position in Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company's stock valued at $20,450,000 after purchasing an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. grew its stake in Amprius Technologies by 37.0% in the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company's stock valued at $68,513,000 after purchasing an additional 1,757,395 shares in the last quarter. Invesco Ltd. increased its position in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company's stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Amprius Technologies during the 3rd quarter worth approximately $11,392,000. 5.04% of the stock is owned by institutional investors.
About Amprius Technologies
(
Get Free Report)
Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.
At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
