Insider Selling: Amprius Technologies, Inc. (NYSE:AMPX) Insider Sells $26,564.09 in Stock

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) insider Kang Sun sold 19,973 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total transaction of $26,564.09. Following the sale, the insider now directly owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $1.45 on Monday. The company has a market capitalization of $136.99 million, a P/E ratio of -3.37 and a beta of 2.96. The company has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $3.25. Amprius Technologies, Inc. has a 1 year low of $1.22 and a 1 year high of $10.63.

Amprius Technologies (NYSE:AMPXGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $2.34 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned ($0.11) earnings per share. As a group, research analysts expect that Amprius Technologies, Inc. will post -0.44 EPS for the current year.

Analysts Set New Price Targets

AMPX has been the topic of several analyst reports. Alliance Global Partners dropped their price target on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Oppenheimer restated an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a research report on Friday, March 22nd. 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 research note on Tuesday, April 30th. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Amprius Technologies presently has an average rating of “Moderate Buy” and an average target price of $10.00.

Read Our Latest Research Report on AMPX

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMPX. Invesco Ltd. purchased a new position in shares of Amprius Technologies during the third quarter worth $8,006,000. Kestra Advisory Services LLC purchased a new position in Amprius Technologies during the 3rd quarter valued at about $484,000. International Assets Investment Management LLC acquired a new position in Amprius Technologies in the 4th quarter valued at about $710,000. B. Riley Wealth Advisors Inc. purchased a new stake in Amprius Technologies during the third quarter worth about $58,000. Finally, Pathstone Family Office LLC purchased a new stake in Amprius Technologies during the third quarter worth about $60,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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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Insider Buying and Selling by Quarter for Amprius Technologies (NYSE:AMPX)

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