Amprius Technologies (NYSE:AMPX) Trading Down 3.3% – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares were down 3.3% on Monday . The company traded as low as $8.84 and last traded at $9.0440. Approximately 6,062,585 shares changed hands during trading, a decline of 1% from the average daily volume of 6,138,059 shares. The stock had previously closed at $9.35.

Wall Street Analyst Weigh In

AMPX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Cantor Fitzgerald lifted their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Northland Securities set a $20.00 target price on Amprius Technologies in a research report on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Amprius Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Amprius Technologies Stock Performance

The firm has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $8.91. The company has a market cap of $1.18 billion, a P/E ratio of -34.78 and a beta of 2.94.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The business had revenue of $21.43 million during the quarter, compared to the consensus estimate of $16.45 million. On average, sell-side analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Transactions at Amprius Technologies

In other news, CEO Kang Sun sold 68,655 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $10.08, for a total value of $692,042.40. Following the completion of the sale, the chief executive officer owned 1,403,651 shares of the company’s stock, valued at approximately $14,148,802.08. The trade was a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the completion of the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,291,934 shares of company stock worth $13,627,944 in the last 90 days. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Amprius Technologies by 14.7% in the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after purchasing an additional 1,516 shares during the last quarter. Focus Partners Wealth grew its position 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 during the period. Vanguard Personalized Indexing Management LLC increased its position in 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 buying an additional 2,873 shares in the last quarter. Bank of America Corp DE increased its holdings in Amprius Technologies by 31.1% in the 4th 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 raised its position in shares of Amprius Technologies by 353.2% during the 3rd 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 period. Hedge funds and other institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

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.