Amprius Technologies (NYSE:AMPX) Stock Price Down 1.1% – Should You Sell?

Amprius Technologies, Inc. (NYSE:AMPX) traded down 1.1% during trading on Tuesday . The company traded as low as $11.35 and last traded at $11.6720. 5,127,564 shares changed hands during trading, a decline of 16% from the average session volume of 6,133,015 shares. The stock had previously closed at $11.80.

Wall Street Analyst Weigh In

AMPX has been the topic of several recent analyst reports. Northland Securities set a $20.00 price objective on Amprius Technologies in a report on Tuesday, October 7th. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Cantor Fitzgerald lifted their price target 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.29.

Amprius Technologies Trading Down 1.1%

The company has a market capitalization of $1.52 billion, a P/E ratio of -44.89 and a beta of 2.94. The firm’s 50 day moving average price is $12.04 and its two-hundred day moving average price is $8.43.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $16.45 million. Analysts anticipate that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 25,024 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92. Following the sale, the chief technology officer owned 821,951 shares in the company, valued at approximately $8,285,266.08. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $15,606,443.60. This trade represents a 40.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,093,679 shares of company stock valued at $11,544,284. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Amprius Technologies in the 3rd quarter valued at approximately $7,530,000. Caitong International Asset Management Co. Ltd raised its position in Amprius Technologies by 761.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 15,220 shares of the company’s stock worth $160,000 after acquiring an additional 13,454 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Amprius Technologies during the third quarter worth $212,000. PharVision Advisers LLC acquired a new stake in Amprius Technologies in the third quarter valued at $279,000. Finally, XTX Topco Ltd grew its position in shares of Amprius Technologies by 1,560.3% in the 3rd quarter. XTX Topco Ltd now owns 173,005 shares of the company’s stock valued at $1,820,000 after acquiring an additional 162,585 shares during the period. Institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.