Amprius Technologies (NYSE:AMPX) Stock Price Down 5.8% – What’s Next?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) traded down 5.8% on Monday . The company traded as low as $15.08 and last traded at $15.8710. 7,190,447 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 8,862,809 shares. The stock had previously closed at $16.85.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Amprius Technologies in a report on Tuesday, March 10th. Northland Securities set a $24.00 target price on Amprius Technologies in a report on Monday, May 11th. Craig Hallum raised their target price on Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a report on Friday, March 6th. William Blair restated an “outperform” rating on shares of Amprius Technologies in a report on Friday, March 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Amprius Technologies Price Performance

The stock has a fifty day moving average of $18.26 and a 200 day moving average of $13.47. The firm has a market capitalization of $2.25 billion, a P/E ratio of -52.90 and a beta of 2.20.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $28.54 million for the quarter, compared to the consensus estimate of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%. Equities analysts forecast that Amprius Technologies, Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, Director Kang Sun sold 1,500,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $15.91, for a total value of $23,865,000.00. Following the completion of the sale, the director directly owned 1,342,400 shares of the company’s stock, valued at $21,357,584. This trade represents a 52.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven Chu sold 155,565 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $18.50, for a total value of $2,877,952.50. Following the completion of the sale, the director directly owned 127,339 shares of the company’s stock, valued at $2,355,771.50. This represents a 54.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,539,829 shares of company stock valued at $42,323,376. 5.10% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

A number of large investors have recently bought and sold shares of AMPX. Voloridge Investment Management LLC purchased a new stake in Amprius Technologies in the third quarter worth $19,737,000. BNP Paribas Financial Markets increased its position in Amprius Technologies by 1,117.9% in the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after buying an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. increased its position in Amprius Technologies by 37.0% in the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after buying an additional 1,757,395 shares during the last quarter. Norges Bank purchased a new stake in Amprius Technologies in the fourth quarter worth $10,295,000. Finally, Invesco Ltd. increased its position in Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after buying an additional 1,263,846 shares during the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.