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

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of unusually large options trading activity on Monday. Stock investors bought 3,702 call options on the company. This is an increase of approximately 63% compared to the typical daily volume of 2,276 call options.

Amprius Technologies Trading Up 5.9 %

Shares of NYSE AMPX opened at $3.30 on Tuesday. The company has a market cap of $348.74 million, a price-to-earnings ratio of -7.32 and a beta of 2.56. The stock has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $2.15. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $4.21.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. On average, sell-side analysts predict that Amprius Technologies will post -0.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chief financial officer now owns 678,000 shares in the company, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock valued at $235,025 in the last 90 days. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors have recently modified their holdings of AMPX. Rhumbline Advisers lifted its stake in Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after buying an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Amprius Technologies during the 4th quarter valued at about $28,000. JPMorgan Chase & Co. grew its holdings in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after buying an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Amprius Technologies in the 4th quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Amprius Technologies by 29.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after purchasing an additional 6,700 shares in the last quarter. 5.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMPX has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Friday. Cantor Fitzgerald assumed coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Oppenheimer increased their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Amprius Technologies in a research report on Friday. Finally, B. Riley lifted their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amprius Technologies has a consensus rating of “Buy” and an average target price of $9.43.

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.