Amprius Technologies, Inc. (NYSE:AMPX) Director Sells $364,000.00 in Stock

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) Director Justin E. Mirro sold 280,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1.30, for a total value of $364,000.00. Following the completion of the transaction, the director now owns 1,715,000 shares of the company’s stock, valued at $2,229,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Amprius Technologies Trading Down 12.8 %

Shares of NYSE AMPX opened at $1.09 on Monday. The stock has a fifty day moving average price of $1.63 and a 200 day moving average price of $3.00. Amprius Technologies, Inc. has a 12-month low of $1.08 and a 12-month high of $9.51. The company has a market cap of $102.97 million, a P/E ratio of -2.53 and a beta of 2.74.

Amprius Technologies (NYSE:AMPXGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $2.34 million during the quarter, compared to analyst estimates of $1.70 million. Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. During the same quarter last year, the firm earned ($0.11) earnings per share. On average, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. increased its stake in Amprius Technologies by 29.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after buying an additional 3,575 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Amprius Technologies by 45.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Amprius Technologies in the fourth quarter worth about $710,000. FNY Investment Advisers LLC purchased a new position in Amprius Technologies in the fourth quarter valued at about $84,000. Finally, Invesco Ltd. acquired a new stake in Amprius Technologies during the 3rd quarter valued at approximately $8,006,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMPX has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $15.00 target price on shares of Amprius Technologies in a research report on Friday, March 22nd. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Thursday, April 4th. B. Riley decreased their price target on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Alliance Global Partners dropped their price objective 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Read Our Latest Analysis on Amprius Technologies

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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