Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,470,000 shares, an increase of 8.8% from the August 15th total of 2,270,000 shares. Approximately 6.7% of the company’s shares are short sold. Based on an average trading volume of 637,500 shares, the short-interest ratio is currently 3.9 days.

Insider Buying and Selling at Amprius Technologies

In related news, Director Justin E. Mirro sold 135,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 1,510,000 shares in the company, valued at approximately $1,510,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now directly owns 1,510,000 shares of the company’s stock, valued at approximately $1,510,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total value of $202,500.00. Following the completion of the transaction, the director now directly owns 1,195,000 shares in the company, valued at approximately $967,950. The disclosure for this sale can be found here. Insiders sold a total of 469,683 shares of company stock worth $425,318 over the last three months. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies in the second quarter worth approximately $99,000. XTX Topco Ltd acquired a new position in Amprius Technologies during the second quarter worth approximately $72,000. Finally, International Assets Investment Management LLC purchased a new position in Amprius Technologies during the fourth quarter worth approximately $710,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMPX shares. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. Roth Mkm cut their target price on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Monday, August 12th. Oppenheimer cut their price target on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Northland Securities reduced their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amprius Technologies presently has an average rating of “Buy” and an average target price of $8.17.

Amprius Technologies Stock Down 6.4 %

AMPX stock traded down $0.06 during trading on Wednesday, hitting $0.81. The company had a trading volume of 287,077 shares, compared to its average volume of 681,791. The firm has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.57. The firm has a market cap of $87.40 million, a PE ratio of -1.88 and a beta of 2.71. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $6.02.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. The company had revenue of $3.35 million during the quarter, compared to analyst estimates of $2.45 million. During the same period in the previous year, the firm posted ($0.11) EPS. Sell-side analysts anticipate that Amprius Technologies will post -0.49 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.