Amprius Technologies (NYSE:AMPX) Shares Down 8.5% – Should You Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares dropped 8.5% during trading on Thursday . The company traded as low as $10.01 and last traded at $10.17. Approximately 5,812,027 shares were traded during trading, a decline of 33% from the average daily volume of 8,715,817 shares. The stock had previously closed at $11.11.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMPX shares. Cantor Fitzgerald boosted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Roth Mkm set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. 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 target price for the company. Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and an average target price of $16.57.

Amprius Technologies Stock Performance

The stock has a market capitalization of $1.33 billion, a P/E ratio of -39.12 and a beta of 2.99. The business has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $10.27.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 39,690 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $476,280.00. Following the completion of the sale, the chief technology officer directly owned 748,696 shares in the company, valued at approximately $8,984,352. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kang Sun sold 43,185 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $11.03, for a total value of $476,330.55. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,399,331 shares of company stock valued at $37,048,615. Company insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after acquiring an additional 3,055 shares during the period. Ameritas Investment Partners Inc. grew its position in Amprius Technologies by 2,043.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares in the last quarter. Quarry LP acquired a new stake in Amprius Technologies during the 3rd quarter valued at $42,000. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 61.1% in the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Amprius Technologies by 1,385.4% in the second 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. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.