Amprius Technologies (NYSE:AMPX) Shares Down 3% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price dropped 3% during trading on Wednesday . The company traded as low as $8.72 and last traded at $8.9170. Approximately 6,641,932 shares were traded during trading, an increase of 11% from the average daily volume of 6,001,459 shares. The stock had previously closed at $9.19.

Analyst Upgrades and Downgrades

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

Amprius Technologies Trading Up 2.5%

The stock’s 50 day moving average is $10.45 and its 200-day moving average is $9.37. The company has a market cap of $1.24 billion, a P/E ratio of -36.44 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) 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 return on equity of 38.85% and a negative net margin of 53.16%. As a group, sell-side analysts forecast that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In related news, CEO Kang Sun sold 68,655 shares of Amprius Technologies 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 directly owned 1,403,651 shares in the company, valued at approximately $14,148,802.08. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s 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 transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $7,868,794.96. This trade represents a 20.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,291,934 shares of company stock worth $13,627,944 over the last ninety days. 12.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in 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 increased 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 purchasing an additional 2,245 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Amprius Technologies by 17.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock worth $81,000 after purchasing an additional 2,873 shares during the period. Bank of America Corp DE boosted its holdings in shares of Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after buying an additional 3,532 shares during the last quarter. 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.