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

Amprius Technologies, Inc. (NYSE:AMPX) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 16,283,031 shares, a growth of 22.5% from the December 15th total of 13,292,515 shares. Based on an average trading volume of 5,914,386 shares, the short-interest ratio is presently 2.8 days. Approximately 14.3% of the shares of the stock are short sold. Approximately 14.3% of the shares of the stock are short sold. Based on an average trading volume of 5,914,386 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Northland Securities set a $20.00 price target on shares of Amprius Technologies in a research note on Tuesday, October 7th. Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. Cantor Fitzgerald boosted their price objective on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Amprius Technologies presently has an average rating of “Moderate Buy” and an average target price of $14.57.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the sale, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $7,868,794.96. This trade represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,798,201 shares of company stock worth $18,741,241 over the last three months. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Large investors have recently bought and sold shares of the company. Voloridge Investment Management LLC acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at $19,737,000. BNP Paribas Financial Markets raised its stake in Amprius Technologies by 1,117.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after buying an additional 1,784,291 shares during the period. Vanguard Group Inc. lifted its holdings in Amprius Technologies by 37.0% during the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after acquiring an additional 1,757,395 shares in the last quarter. Invesco Ltd. lifted its holdings in Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after acquiring an additional 1,263,846 shares in the last quarter. Finally, Stephens Investment Management Group LLC acquired a new position in Amprius Technologies in the third quarter valued at about $11,392,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Up 4.4%

Shares of Amprius Technologies stock traded up $0.49 during trading on Tuesday, reaching $11.49. 6,594,665 shares of the company were exchanged, compared to its average volume of 7,185,213. The business has a 50-day moving average price of $10.17 and a 200-day moving average price of $9.70. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -44.32 and a beta of 3.04. Amprius Technologies has a twelve month low of $1.70 and a twelve month high of $16.03.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. On average, equities research analysts forecast that Amprius Technologies will post -0.45 EPS for the current fiscal year.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.