Stock Traders Purchase High Volume of Amprius Technologies Call Options (NYSE:AMPX)

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

Amprius Technologies Trading Down 6.9 %

Shares of NYSE AMPX traded down $0.21 during midday trading on Friday, reaching $2.75. The company's stock had a trading volume of 1,776,608 shares, compared to its average volume of 3,748,935. Amprius Technologies has a one year low of $0.61 and a one year high of $4.20. The company has a market cap of $290.53 million, a price-to-earnings ratio of -6.10 and a beta of 2.56. The company has a 50 day moving average price of $2.89 and a 200 day moving average price of $2.18.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $10.63 million for the quarter, compared to analysts' expectations of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. Research analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Northland Securities boosted their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an "overweight" rating and a $10.00 target price for the company. Oppenheimer boosted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. B. Riley increased their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a report on Friday, March 21st. Finally, Roth Mkm reissued a "buy" rating and set a $6.00 target price on shares of Amprius Technologies in a report on Friday, March 21st. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $9.43.

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Insider Buying and Selling

In other news, CFO Sandra Wallach sold 18,142 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the transaction, the chief financial officer now owns 678,000 shares in the company, valued at approximately $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kang Sun sold 34,353 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares of the company's stock, valued at approximately $4,014,603.73. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock worth $235,025 over the last quarter. 12.80% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently bought and sold shares of the company. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of Amprius Technologies during the fourth quarter valued at $4,081,000. Invesco Ltd. boosted its stake in shares of Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock valued at $6,957,000 after buying an additional 897,222 shares during the period. Renaissance Technologies LLC grew its stake in shares of Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after buying an additional 752,000 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Amprius Technologies in the 4th quarter valued at $2,009,000. Finally, Two Sigma Investments LP lifted its position in shares of Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock worth $1,241,000 after buying an additional 338,524 shares during the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.