Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 42.0% in October

Amprius Technologies, Inc. (NYSE:AMPX) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,800,000 shares, a growth of 42.0% from the October 15th total of 3,380,000 shares. Based on an average trading volume of 1,570,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 6.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMPX shares. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a report 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. Northland Securities lowered their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Oppenheimer decreased their price target on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Roth Mkm decreased their target price on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Amprius Technologies has an average rating of “Buy” and a consensus price target of $8.17.

Amprius Technologies Trading Down 4.9 %

Shares of AMPX stock traded down $0.11 during mid-day trading on Friday, reaching $2.12. The stock had a trading volume of 1,745,262 shares, compared to its average volume of 1,005,883. The company has a market cap of $235.43 million, a P/E ratio of -4.70 and a beta of 2.42. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $6.02. The business has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.30.

Amprius Technologies (NYSE:AMPX) last released 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 net margin of 245.92% and a negative return on equity of 71.39%. During the same period in the prior year, the business earned ($0.10) earnings per share. Research analysts anticipate that Amprius Technologies will post -0.44 EPS for the current year.

Insider Buying and Selling

In other news, Director Justin E. Mirro sold 250,000 shares of Amprius Technologies 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 transaction, the director now directly owns 1,195,000 shares of the company’s stock, valued at $967,950. The trade was a 17.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kang Sun sold 33,333 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the sale, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 469,683 shares of company stock worth $425,318 over the last 90 days. 12.80% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

A number of large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. grew its stake in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after acquiring an additional 10,300 shares during the period. XTX Topco Ltd acquired a new position in Amprius Technologies in the second quarter valued at $72,000. AQR Capital Management LLC purchased a new position in Amprius Technologies during the second quarter worth about $99,000. Charles Schwab Investment Management Inc. boosted its stake in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after buying an additional 152,102 shares during the last quarter. Finally, State Street Corp grew its holdings in Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after buying an additional 12,900 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

About Amprius Technologies

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.