Amprius Technologies, Inc. (NYSE:AMPX) Sees Large Increase in Short Interest

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 1,830,000 shares, a growth of 28.9% from the April 15th total of 1,420,000 shares. Based on an average trading volume of 610,400 shares, the short-interest ratio is presently 3.0 days. Currently, 11.7% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have commented on AMPX. B. Riley cut their price target 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. Alliance Global Partners cut their target price on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Oppenheimer restated an “outperform” rating and set a $15.00 target price on shares of Amprius Technologies in a research note on Friday, March 22nd. Finally, HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

View Our Latest Stock Analysis on Amprius Technologies

Insider Transactions at Amprius Technologies

In related news, insider Jonathan Bornstein sold 109,800 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.90% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

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

Amprius Technologies Trading Up 1.5 %

NYSE:AMPX traded up $0.02 during mid-day trading on Wednesday, hitting $1.32. 1,289,412 shares of the company’s stock were exchanged, compared to its average volume of 681,911. The company has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $3.35. Amprius Technologies has a fifty-two week low of $1.22 and a fifty-two week high of $10.63. The firm has a market capitalization of $120.91 million, a P/E ratio of -3.07 and a beta of 2.96.

Amprius Technologies (NYSE:AMPXGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. The firm had revenue of $2.34 million for the quarter, compared to the consensus estimate of $1.70 million. During the same quarter in the previous year, the company earned ($0.11) EPS. As a group, analysts expect that Amprius Technologies will post -0.42 earnings per share for the current year.

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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