Amprius Technologies Sees Unusually Large Options Volume (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the target of unusually large options trading activity on Monday. Stock investors acquired 3,702 call options on the stock. This represents an increase of approximately 63% compared to the average daily volume of 2,276 call options.

Insiders Place Their Bets

In other news, CEO Kang Sun sold 34,353 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the sale, the chief executive officer now directly owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the transaction, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock worth $235,025 in the last quarter. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMPX. Bank of America Corp DE grew its holdings in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after purchasing an additional 3,222 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after purchasing an additional 6,700 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies in the fourth quarter valued at $28,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Amprius Technologies during the 4th quarter worth $30,000. Institutional investors own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Northland Securities raised their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. Cantor Fitzgerald started coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 target price for the company. B. Riley lifted their price target on Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Finally, Oppenheimer boosted their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, March 21st. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amprius Technologies has a consensus rating of “Buy” and an average price target of $9.43.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $3.30 on Wednesday. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.21. The company has a market capitalization of $349.27 million, a PE ratio of -7.33 and a beta of 2.56. The company has a fifty day moving average of $2.91 and a 200-day moving average of $2.17.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.63 million during the quarter, compared to analysts’ expectations of $7.12 million. On average, equities analysts forecast that Amprius Technologies will post -0.45 EPS for the current fiscal year.

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.