Amprius Technologies (NYSE:AMPX) Stock Price Down 1% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price fell 1% during trading on Tuesday . The company traded as low as $7.80 and last traded at $7.8370. 4,813,304 shares changed 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 Analyst Weigh In

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

Amprius Technologies Trading Down 1.0%

The company has a market capitalization of $1.02 billion, a P/E ratio of -30.14 and a beta of 2.94. The stock’s fifty day moving average is $11.11 and its 200 day moving average is $9.13.

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

Insider Activity

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were 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 $7,868,794.96. The trade was a 20.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $10,600,000.00. Following the sale, the chief executive officer owned 1,472,306 shares of the company’s stock, 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. Insiders sold 1,291,934 shares of company stock worth $13,627,944 over the last 90 days. Company insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMPX. Vanguard Group Inc. increased its holdings in shares of Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after acquiring an additional 1,757,395 shares during the period. Invesco Ltd. lifted its position in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after acquiring an additional 1,263,846 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after acquiring an additional 1,784,291 shares during the period. Voloridge Investment Management LLC acquired a new stake in Amprius Technologies during the 3rd quarter valued at $19,737,000. Finally, Two Sigma Investments LP grew its position in Amprius Technologies by 24.2% during the third quarter. Two Sigma Investments LP now owns 1,753,577 shares of the company’s stock valued at $18,448,000 after purchasing an additional 341,969 shares in the last quarter. Hedge funds and other institutional investors 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.