Amprius Technologies (NYSE:AMPX) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Amprius Technologies (NYSE:AMPXFree Report) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other research firms also recently weighed in on AMPX. Roth Mkm reaffirmed a “buy” rating on shares of Amprius Technologies in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, March 10th. Craig Hallum lifted their target price on shares of Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, March 6th. William Blair reiterated an “outperform” rating on shares of Amprius Technologies in a research note on Friday, March 6th. Finally, Cantor Fitzgerald lifted their target price on shares of Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

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Amprius Technologies Trading Up 3.9%

NYSE AMPX opened at $16.74 on Friday. The stock’s 50 day moving average is $17.53 and its two-hundred day moving average is $13.25. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -55.78 and a beta of 2.20. Amprius Technologies has a 1-year low of $2.32 and a 1-year high of $22.80.

Amprius Technologies (NYSE:AMPXGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $28.54 million for the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 18.16%. On average, analysts predict that Amprius Technologies will post -0.07 earnings per share for the current year.

Insider Activity at Amprius Technologies

In related news, Director Wen Hsuan Hsieh sold 413,146 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $18.44, for a total value of $7,618,412.24. Following the completion of the transaction, the director owned 44,444 shares in the company, valued at $819,547.36. The trade was a 90.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 25,366 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.16, for a total transaction of $257,718.56. Following the completion of the transaction, the chief technology officer owned 723,330 shares of the company’s stock, valued at $7,349,032.80. This trade represents a 3.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,539,829 shares of company stock worth $42,323,376. Company insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. KBC Group NV bought a new position in Amprius Technologies in the 1st quarter worth approximately $57,000. Quarry LP bought a new stake in shares of Amprius Technologies during the 3rd quarter valued at $42,000. 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 acquiring an additional 3,532 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Amprius Technologies during the 3rd quarter valued at $54,000. Finally, Leonteq Securities AG bought a new stake in shares of Amprius Technologies during the 4th quarter valued at $47,000. Institutional investors own 5.04% of the company’s stock.

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Amprius Technologies Company Profile

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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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Analyst Recommendations for Amprius Technologies (NYSE:AMPX)

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