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

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) saw some unusual options trading activity on Thursday. Traders acquired 4,589 call options on the stock. This is an increase of 654% compared to the typical volume of 609 call options.

Amprius Technologies Stock Down 3.2 %

Shares of AMPX stock opened at $1.35 on Friday. The stock’s 50-day moving average price is $1.77 and its 200 day moving average price is $3.12. Amprius Technologies has a 52-week low of $1.22 and a 52-week high of $10.63. The stock has a market capitalization of $127.06 million, a PE ratio of -3.13 and a beta of 2.74.

Amprius Technologies (NYSE:AMPXGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share for the quarter, hitting 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 business had revenue of $2.34 million for the quarter, compared to analysts’ expectations of $1.70 million. During the same quarter in the prior year, the firm posted ($0.11) EPS. Analysts expect that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Thursday, April 4th. Oppenheimer reissued an “outperform” rating and issued a $15.00 target price on shares of Amprius Technologies in a research report on Friday, March 22nd. B. Riley lowered their price objective on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, Alliance Global Partners decreased their target price on Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Check Out Our Latest Stock Report on Amprius Technologies

Insider Activity at Amprius Technologies

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 completion of the sale, the insider now directly owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 35,794 shares of company stock valued at $47,606. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock worth $140,000 after purchasing an additional 28,092 shares during the period. Pathstone Family Office LLC purchased a new position in shares of Amprius Technologies in the 3rd quarter valued at $60,000. Kestra Advisory Services LLC acquired a new position in shares of Amprius Technologies during the 3rd quarter valued at $484,000. Invesco Ltd. purchased a new stake in Amprius Technologies during the 3rd quarter worth $8,006,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Amprius Technologies during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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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