Amprius Technologies Sees Unusually Large Options Volume (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was the target of unusually large options trading on Thursday. Stock investors purchased 4,234 call options on the company. This is an increase of 476% compared to the typical daily volume of 735 call options.

Amprius Technologies Price Performance

AMPX stock traded up $0.37 during mid-day trading on Thursday, reaching $2.27. 7,348,135 shares of the company’s stock were exchanged, compared to its average volume of 1,204,790. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $6.02. The stock’s 50 day moving average is $1.81 and its 200 day moving average is $1.37. The company has a market cap of $240.76 million, a price-to-earnings ratio of -5.06 and a beta of 2.92.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The firm 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 last year, the firm posted ($0.10) EPS. On average, research analysts forecast that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In other news, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the sale, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandra Wallach sold 17,158 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the transaction, 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. Over the last three months, insiders have sold 43,903 shares of company stock valued at $86,050. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. XTX Topco Ltd acquired a new stake in Amprius Technologies during the 2nd quarter worth $72,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of 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 in the last quarter. AQR Capital Management LLC purchased a new position in Amprius Technologies in the 2nd quarter worth approximately $99,000. Finally, Geode Capital Management LLC raised its stake in Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after purchasing an additional 184,863 shares during the period. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Analyst Ratings Changes

AMPX has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amprius Technologies currently has an average rating of “Buy” and an average price target of $8.17.

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.