Amprius Technologies (NYSE:AMPX) Shares Down 4.1% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX) shares fell 4.1% during trading on Tuesday . The company traded as low as $9.40 and last traded at $9.47. Approximately 3,991,257 shares were traded during trading, a decline of 50% from the average daily volume of 8,056,351 shares. The stock had previously closed at $9.88.

Analyst Upgrades and Downgrades

AMPX has been the subject of several recent research reports. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. JonesTrading started coverage on Amprius Technologies in a research report on Friday, July 10th. They set a “buy” rating and a $30.00 price objective for the company. Clear Str initiated coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 target price on the stock. Northland Securities set a $24.00 target price on Amprius Technologies in a report on Monday, May 11th. Finally, Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Amprius Technologies Price Performance

The stock has a market capitalization of $1.35 billion, a PE ratio of -32.97 and a beta of 2.33. The company has a 50-day moving average of $11.02 and a two-hundred day moving average of $14.79.

Insider Activity at Amprius Technologies

In related news, Director Donald R. Dixon sold 85,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 359,380 shares of the company’s stock, valued at approximately $6,170,554.60. This trade represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kang Sun sold 62,101 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the sale, the director directly owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 248,311 shares of company stock valued at $3,497,206. Insiders own 5.10% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors have recently made changes to their positions in AMPX. TD Waterhouse Canada Inc. raised its position in shares of Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after buying an additional 1,643 shares during the period. Bank of America Corp DE grew its position 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 valued at $36,000 after acquiring an additional 3,055 shares during the period. Quarry LP acquired a new stake in Amprius Technologies during the third quarter worth about $42,000. Rhumbline Advisers increased its stake in 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 acquiring an additional 5,951 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after purchasing an additional 9,684 shares during the period. 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.