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

Amprius Technologies, Inc. (NYSE:AMPX) Director Justin E. Mirro sold 280,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total transaction of $364,000.00. Following the completion of the sale, the director now owns 1,715,000 shares in the company, valued at $2,229,500. The transaction was disclosed in a filing with the SEC, which is available through this link.

Amprius Technologies Trading Down 12.8 %

Shares of NYSE:AMPX traded down $0.16 during trading on Friday, reaching $1.09. The company had a trading volume of 1,248,528 shares, compared to its average volume of 740,084. The company has a fifty day moving average of $1.63 and a two-hundred day moving average of $3.01. The stock has a market capitalization of $102.98 million, a P/E ratio of -2.53 and a beta of 2.74. Amprius Technologies, Inc. has a 12 month low of $1.08 and a 12 month high of $9.51.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. The company had revenue of $2.34 million for the quarter, compared to analyst estimates of $1.70 million. During the same quarter last year, the firm earned ($0.11) EPS. As a group, equities research analysts predict that Amprius Technologies, Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in shares of Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock valued at $44,000 after purchasing an additional 2,597 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Amprius Technologies during the 3rd quarter valued at $58,000. Pathstone Family Office LLC bought a new position in shares of Amprius Technologies during the 3rd quarter valued at $60,000. International Assets Investment Management LLC bought a new position in shares of Amprius Technologies during the 4th quarter valued at $710,000. Finally, FNY Investment Advisers LLC bought a new stake in Amprius Technologies in the 4th quarter worth $84,000. Institutional investors own 5.04% of the company’s stock.

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.