Amprius Technologies Target of Unusually High Options Trading (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) saw some unusual options trading on Thursday. Stock traders purchased 4,234 call options on the stock. This is an increase of approximately 476% compared to the typical volume of 735 call options.

Insider Activity

In other news, CFO Sandra Wallach sold 17,158 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the transaction, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,903 shares of company stock valued at $86,050 over the last quarter. 12.80% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

Several hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the second quarter valued at about $72,000. AQR Capital Management LLC acquired a new position in Amprius Technologies during the 2nd quarter valued at about $99,000. B. Riley Wealth Advisors Inc. increased its holdings in Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Amprius Technologies by 124.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Trading Down 0.4 %

Shares of NYSE AMPX opened at $2.36 on Friday. The firm has a market capitalization of $249.78 million, a P/E ratio of -5.24 and a beta of 2.92. The firm’s 50-day moving average price is $1.85 and its 200-day moving average price is $1.38. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to analyst estimates 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 company earned ($0.10) earnings per share. Equities research analysts forecast that Amprius Technologies will post -0.44 EPS for the current year.

Analyst Ratings Changes

AMPX has been the topic of a number of recent analyst reports. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $8.17.

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.