Amprius Technologies (NYSE:AMPX) Trading Down 1.9% – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price fell 1.9% during mid-day trading on Friday . The company traded as low as $9.76 and last traded at $9.9970. 7,103,957 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 8,664,550 shares. The stock had previously closed at $10.19.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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 note on Friday, November 7th. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Needham & Company LLC initiated coverage on shares of Amprius Technologies in a research note on Thursday, January 29th. They set a “buy” rating and a $20.00 price target on the stock. Roth Mkm set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.57.

Amprius Technologies Stock Down 1.9%

The business’s 50 day moving average price is $10.45 and its 200-day moving average price is $10.27. The company has a market cap of $1.30 billion, a PE ratio of -38.45 and a beta of 2.99.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total transaction of $476,330.55. Following the transaction, the director directly owned 1,403,651 shares in the company, valued at $15,482,270.53. This represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 39,690 shares of Amprius Technologies stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $476,280.00. Following the completion of the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $8,984,352. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,399,331 shares of company stock worth $37,048,615 over the last ninety days. 12.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently added to or reduced their stakes in AMPX. Bank of America Corp DE lifted its position 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 valued at $36,000 after purchasing an additional 3,055 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Amprius Technologies by 86.7% in the first quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock valued at $208,000 after buying an additional 36,116 shares during the period. Millennium Management LLC grew its stake in shares of Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after purchasing an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Amprius Technologies by 128.6% in the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock worth $656,000 after buying an additional 137,640 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the period. 5.04% of the stock is currently owned by institutional investors.

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.