Amprius Technologies (NYSE:AMPX) Shares Gap Up – Here’s Why

Shares of Amprius Technologies, Inc. (NYSE:AMPX) gapped up prior to trading on Wednesday . The stock had previously closed at $10.81, but opened at $12.40. Amprius Technologies shares last traded at $12.30, with a volume of 3,239,659 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Clear Str assumed coverage on shares of Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective for the company. Zacks Research downgraded shares of Amprius Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Northland Securities set a $24.00 price target on shares of Amprius Technologies in a report on Monday, May 11th. Wall Street Zen cut shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Amprius Technologies Price Performance

The business has a 50-day moving average of $13.96 and a two-hundred day moving average of $14.92. The company has a market cap of $1.70 billion, a P/E ratio of -40.00 and a beta of 2.33.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $28.54 million during the quarter, compared to analysts’ expectations of $25.72 million. Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. Equities analysts anticipate that Amprius Technologies, Inc. will post -0.07 EPS for the current fiscal year.

Insider Activity

In related news, Director Kang Sun sold 67,796 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the completion of the sale, the director owned 1,280,854 shares of the company’s stock, valued at $18,943,830.66. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 60,702 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.79, for a total transaction of $897,782.58. Following the completion of the sale, the chief executive officer owned 699,298 shares of the company’s stock, valued at approximately $10,342,617.42. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 310,144 shares of company stock worth $5,049,997 in the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC lifted its holdings in shares of Amprius Technologies by 89.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 39,302 shares of the company’s stock valued at $544,000 after purchasing an additional 18,545 shares during the last quarter. Janus Henderson Group PLC grew its stake in Amprius Technologies by 35.2% during the 1st quarter. Janus Henderson Group PLC now owns 52,803 shares of the company’s stock worth $889,000 after buying an additional 13,750 shares during the last quarter. Amundi grew its stake in Amprius Technologies by 17.3% during the 1st quarter. Amundi now owns 164,589 shares of the company’s stock worth $2,775,000 after buying an additional 24,283 shares during the last quarter. California State Teachers Retirement System increased its position in Amprius Technologies by 48.2% during the 1st quarter. California State Teachers Retirement System now owns 159,903 shares of the company’s stock valued at $2,696,000 after buying an additional 51,973 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Amprius Technologies by 10.9% in the first quarter. Royal Bank of Canada now owns 101,914 shares of the company’s stock valued at $1,718,000 after buying an additional 9,998 shares during the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.