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

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,800,000 shares, an increase of 42.0% from the October 15th total of 3,380,000 shares. Currently, 6.1% of the shares of the company are short sold. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 3.1 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMPX shares. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Oppenheimer lowered their target price on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Roth Mkm reduced their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Northland Securities lowered their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $8.17.

Insider Buying and Selling at Amprius Technologies

In other news, CEO Kang Sun sold 33,333 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the sale, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justin E. Mirro sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total value of $202,500.00. Following the completion of the transaction, the director now owns 1,195,000 shares in the company, valued at $967,950. The trade was a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 469,683 shares of company stock valued at $425,318 in the last three months. 12.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its position in Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after purchasing an additional 10,300 shares in the last quarter. XTX Topco Ltd purchased a new stake in Amprius Technologies in the second quarter worth approximately $72,000. AQR Capital Management LLC bought a new position in Amprius Technologies during the second quarter valued at approximately $99,000. Charles Schwab Investment Management Inc. grew its position in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after acquiring an additional 12,900 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

NYSE:AMPX traded down $0.11 on Friday, hitting $2.12. The stock had a trading volume of 1,745,262 shares, compared to its average volume of 1,005,883. The stock has a market cap of $235.43 million, a P/E ratio of -4.71 and a beta of 2.42. The firm’s fifty day simple moving average is $1.29 and its two-hundred day simple moving average is $1.30. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $6.02.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to analysts’ expectations of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the prior year, the firm earned ($0.10) EPS. Equities research analysts predict that Amprius Technologies will post -0.44 EPS for the current year.

Amprius Technologies Company Profile

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.