Amprius Technologies (NYSE:AMPX) Trading Down 14.8% – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares dropped 14.8% on Thursday . The stock traded as low as $10.50 and last traded at $10.5610. Approximately 10,350,046 shares changed hands during trading, an increase of 13% from the average daily volume of 9,133,271 shares. The stock had previously closed at $12.40.

Analyst Upgrades and Downgrades

AMPX has been the subject of a number of research reports. Needham & Company LLC assumed coverage on shares of Amprius Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $20.00 target price for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, January 21st. Cantor Fitzgerald boosted their price objective 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. Oppenheimer restated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Finally, Roth Mkm set a $14.00 price target on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.57.

Amprius Technologies Trading Down 14.8%

The business has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.15. The firm has a market cap of $1.38 billion, a PE ratio of -40.62 and a beta of 2.99.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The business had revenue of $21.43 million during the quarter, compared to analysts’ expectations of $16.45 million. On average, research analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction on 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 transaction, the chief executive officer directly owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. The trade was a 40.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 492,827 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total value of $5,933,637.08. Following the sale, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at approximately $9,014,299.84. This represents a 39.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,399,331 shares of company stock worth $37,048,615 in the last 90 days. 12.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds have recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new stake in Amprius Technologies in the third quarter valued at $19,737,000. BNP Paribas Financial Markets grew its holdings in Amprius Technologies by 1,117.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after buying an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Amprius Technologies by 37.0% during the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after acquiring an additional 1,757,395 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the last quarter. Finally, Stephens Investment Management Group LLC acquired a new stake in Amprius Technologies during the third quarter worth approximately $11,392,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.