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Amprius Technologies (NYSE:AMPX) Shares Up 6.5%

Financial News Live ·  Feb 7, 2023 14:03

Amprius Technologies, Inc. (NYSE:AMPX – Get Rating) rose 6.5% during mid-day trading on Tuesday . The stock traded as high as $6.46 and last traded at $6.39. Approximately 54,392 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 107,620 shares. The stock had previously closed at $6.00.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMPX. B. Riley began coverage on Amprius Technologies in a research note on Thursday, December 1st. They set a "buy" rating and a $14.00 price objective for the company. Oppenheimer began coverage on shares of Amprius Technologies in a report on Thursday, October 13th. They set an "outperform" rating and a $14.00 price target on the stock. Finally, EF Hutton Acquisition Co. I began coverage on shares of Amprius Technologies in a research report on Friday, October 28th. They set a "buy" rating and a $14.00 price objective on the stock.

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Amprius Technologies Stock Performance

The company's fifty day moving average is $7.22.

Amprius Technologies (NYSE:AMPX – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.05. The company had revenue of $0.82 million during the quarter, compared to the consensus estimate of $0.50 million. On average, equities research analysts expect that Amprius Technologies, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Amprius Technologies in the third quarter valued at $474,000. ExodusPoint Capital Management LP acquired a new stake in Amprius Technologies during the third quarter worth approximately $182,000. Citadel Advisors LLC bought a new position in shares of Amprius Technologies in the 3rd quarter worth $118,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Amprius Technologies during the 3rd quarter valued at $114,000.

About Amprius Technologies

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Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries for use in the aerospace, defense, and electric vehicle applications. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.

Further Reading

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