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

Amprius Technologies, Inc. (NYSE:AMPX) was the target of some unusual options trading on Thursday. Investors purchased 4,234 call options on the company. This represents an increase of 476% compared to the average volume of 735 call options.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMPX. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $8.17.

Insider Activity

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

Hedge Funds Weigh In On Amprius Technologies

Several large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its holdings in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after purchasing an additional 6,700 shares during the period. State Street Corp lifted its position 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 worth $318,000 after purchasing an additional 12,900 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,939 shares in the last quarter. XTX Topco Ltd bought a new position in Amprius Technologies in the second quarter valued at approximately $72,000. Finally, AQR Capital Management LLC acquired a new stake in Amprius Technologies in the second quarter valued at $99,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $2.37 on Friday. The firm has a market cap of $250.84 million, a price-to-earnings ratio of -5.27 and a beta of 2.92. The firm has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $1.37. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating 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 previous year, the firm earned ($0.10) EPS. As a group, sell-side analysts expect that Amprius Technologies will post -0.44 earnings per share 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.