Amprius Technologies (NYSE:AMPX) Stock Price Down 6.5% – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price traded down 6.5% during mid-day trading on Friday . The stock traded as low as $11.10 and last traded at $11.1730. 7,118,146 shares were traded during trading, a decline of 11% from the average session volume of 7,974,111 shares. The stock had previously closed at $11.95.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMPX. Cantor Fitzgerald increased their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Northland Securities set a $20.00 price objective on Amprius Technologies in a research report on Tuesday, October 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday. Roth Mkm set a $14.00 price objective on Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Amprius Technologies Stock Down 6.5%

The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -42.97 and a beta of 3.04. The stock’s 50-day simple moving average is $10.11 and its 200 day simple moving average is $9.77.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. As a group, equities research analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $10.51, for a total value of $2,083,660.05. Following the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. This represents a 40.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,791,934 shares of company stock valued at $29,740,138. Corporate insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of Amprius Technologies by 14.7% during the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after purchasing an additional 1,516 shares during the period. Focus Partners Wealth lifted its stake in Amprius Technologies by 9.3% in the third quarter. Focus Partners Wealth now owns 26,484 shares of the company’s stock valued at $276,000 after buying an additional 2,245 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Amprius Technologies by 17.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock worth $81,000 after buying an additional 2,873 shares during the last quarter. Bank of America Corp DE grew its position in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after buying an additional 3,532 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.