Amprius Technologies (NYSE:AMPX) Trading Down 4.2% – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX)’s share price traded down 4.2% during trading on Monday . The company traded as low as $7.82 and last traded at $7.9210. 5,401,513 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 6,112,950 shares. The stock had previously closed at $8.27.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMPX shares. Cantor Fitzgerald raised their price target on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a research report on Tuesday, October 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.57.

Amprius Technologies Price Performance

The stock has a market capitalization of $1.03 billion, a P/E ratio of -30.47 and a beta of 2.94. The stock’s fifty day moving average price is $11.22 and its 200 day moving average price is $9.11.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Constantin Ionel Stefan sold 198,255 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the sale, the chief technology officer owned 748,696 shares in the company, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the sale, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. The trade was a 40.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,291,934 shares of company stock worth $13,627,944 in the last three months. Corporate insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Voloridge Investment Management LLC purchased a new stake in shares of Amprius Technologies during the 3rd quarter worth $19,737,000. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 1,784,291 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after buying an additional 1,757,395 shares in the last quarter. Invesco Ltd. grew its position in shares of Amprius Technologies by 113.3% in the 3rd 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. Finally, Stephens Investment Management Group LLC bought a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $11,392,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.