Amprius Technologies (NYSE:AMPX) Sets New 52-Week Low – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $7.59 and last traded at $7.5810, with a volume of 287,021 shares. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMPX. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. National Bank Financial set a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. Canaccord Genuity Group started coverage on shares of Amprius Technologies in a research report on Wednesday. They issued a “buy” rating and a $14.00 target price for the company. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.42.

Amprius Technologies Stock Down 8.0%

The stock has a market capitalization of $1.04 billion, a PE ratio of -25.19 and a beta of 2.33. The stock’s 50 day moving average price is $10.02 and its 200-day moving average price is $13.72.

Insider Buying and Selling at Amprius Technologies

In other news, CTO Constantin Stefan sold 29,681 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the transaction, the chief technology officer owned 771,629 shares of the company’s stock, valued at approximately $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 8,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the transaction, the chief executive officer directly owned 594,096 shares of the company’s stock, valued at $5,958,782.88. This trade represents a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 123,311 shares of company stock valued at $1,272,556 in the last three months. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

Hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its holdings in shares of Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares during the period. KBC Group NV bought a new position in Amprius Technologies during the 1st quarter valued at about $57,000. Allworth Financial LP raised its position in Amprius Technologies by 1,150.6% in the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock worth $63,000 after purchasing an additional 4,165 shares during the period. Nykredit A S purchased a new position in shares of Amprius Technologies during the second quarter valued at approximately $79,000. Finally, Integrated Wealth Concepts LLC bought a new position in Amprius Technologies in the 2nd quarter valued at $92,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company’s products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.