Amprius Technologies (NYSE:AMPX) Trading Down 3.6% – Time to Sell?
by Doug Wharley · The Cerbat GemAmprius Technologies, Inc. (NYSE:AMPX – Get Free Report) shares traded down 3.6% during mid-day trading on Wednesday . The stock traded as low as $10.67 and last traded at $11.1350. 5,630,761 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 8,818,200 shares. The stock had previously closed at $11.55.
Analyst Upgrades and Downgrades
AMPX has been the topic of a number of research reports. Cantor Fitzgerald lifted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Needham & Company LLC initiated coverage on shares of Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 target price for the company. Roth Mkm set a $14.00 price target on Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.57.
View Our Latest Report on Amprius Technologies
Amprius Technologies Stock Performance
The firm’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $10.26. The stock has a market capitalization of $1.45 billion, a P/E ratio of -42.83 and a beta of 2.99.
Insider Buying and Selling
In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 492,827 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $9,014,299.84. The trade was a 39.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00. Following the sale, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,399,331 shares of company stock valued at $37,048,615. Corporate insiders own 12.80% of the company’s stock.
Institutional Trading of Amprius Technologies
A number of large investors have recently added to or reduced their stakes in AMPX. Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after buying an additional 9,072 shares during the last quarter. Quarry LP acquired a new position in Amprius Technologies during the third quarter worth approximately $42,000. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 61.1% in the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after buying an additional 5,951 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after buying an additional 9,684 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.
Amprius Technologies Company Profile
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.