Amprius Technologies (NYSE:AMPX) Shares Down 6.3% – Time to Sell?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) fell 6.3% on Monday . The stock traded as low as $11.91 and last traded at $11.7160. 1,044,674 shares were traded during trading, a decline of 87% from the average daily volume of 8,291,368 shares. The stock had previously closed at $12.51.

Analyst Ratings Changes

Several brokerages recently weighed in on AMPX. Northland Securities set a $24.00 price objective on Amprius Technologies in a report on Monday, May 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Amprius Technologies Stock Down 6.5%

The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -40.29 and a beta of 2.34. The company’s fifty day simple moving average is $12.51 and its two-hundred day simple moving average is $14.97.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 3,208 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $17.19, for a total value of $55,145.52. Following the sale, the chief technology officer owned 801,310 shares in the company, valued at approximately $13,774,518.90. The trade was a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald R. Dixon sold 85,000 shares of Amprius Technologies stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $17.17, for a total value of $1,459,450.00. Following the completion of the sale, the director directly owned 359,380 shares in the company, valued at approximately $6,170,554.60. This represents a 19.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 310,144 shares of company stock worth $5,049,997 in the last 90 days. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the period. Quarry LP acquired a new position in shares of Amprius Technologies in the third quarter valued at $42,000. Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after buying an additional 5,951 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Amprius Technologies by 1,385.4% during the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after buying an additional 9,684 shares during the period. Finally, XTX Topco Ltd bought a new position in Amprius Technologies in the 2nd quarter valued at about $44,000. 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.