Amprius Technologies (NYSE:AMPX) Shares Down 1% – Should You Sell?

by · The Cerbat Gem

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) fell 1% during trading on Tuesday . The company traded as low as $7.80 and last traded at $7.8370. 4,813,304 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 6,104,225 shares. The stock had previously closed at $7.92.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on AMPX

Amprius Technologies Price Performance

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -30.38 and a beta of 2.94. The stock’s fifty day moving average price is $10.96 and its 200-day moving average price is $9.15.

Amprius Technologies (NYSE:AMPXGet Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. As a group, equities research analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kang Sun sold 1,000,000 shares of the company’s 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 transaction, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. The trade was a 40.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the stock in a transaction dated Thursday, December 11th. The stock was 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 directly owned 748,696 shares of the company’s stock, valued at approximately $7,868,794.96. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,291,934 shares of company stock worth $13,627,944 in the last quarter. 12.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in Amprius Technologies by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after buying an additional 1,516 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Amprius Technologies by 9.3% during the 3rd quarter. Focus Partners Wealth now owns 26,484 shares of the company’s stock valued at $276,000 after acquiring an additional 2,245 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Amprius Technologies by 17.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock worth $81,000 after acquiring an additional 2,873 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Amprius Technologies by 353.2% during the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after purchasing an additional 3,532 shares during the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

About Amprius Technologies

(Get Free Report)

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.

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