Amprius Technologies (NYSE:AMPX) Shares Down 3% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price dropped 3% during mid-day trading on Wednesday . The company traded as low as $8.72 and last traded at $8.9170. Approximately 6,641,932 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 6,001,459 shares. The stock had previously closed at $9.19.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMPX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a report on Tuesday, December 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Northland Securities set a $20.00 target price on Amprius Technologies in a research report on Tuesday, October 7th. Cantor Fitzgerald boosted their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, 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. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.57.

Amprius Technologies Stock Down 3.0%

The stock has a 50-day moving average of $10.68 and a 200 day moving average of $9.33. The company has a market capitalization of $1.16 billion, a PE ratio of -34.30 and a beta of 3.04.

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

Insider Activity

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of the business’s 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 transaction, the chief executive officer directly owned 1,472,306 shares in the company, valued at $15,606,443.60. The trade was a 40.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at $7,868,794.96. This represents a 20.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,291,934 shares of company stock valued at $13,627,944. 12.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently modified their holdings of the stock. Quarry LP bought a new position in Amprius Technologies during the third quarter valued at $42,000. Jones Financial Companies Lllp raised its stake in shares of Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after buying an additional 3,532 shares during the period. Parallel Advisors LLC purchased a new position in shares of Amprius Technologies during the 3rd quarter valued at $54,000. Geneos Wealth Management Inc. bought a new position in shares of Amprius Technologies during the 3rd quarter worth $74,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Amprius Technologies by 2,043.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after acquiring an additional 9,072 shares during the period. Institutional investors own 5.04% of the company’s stock.

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.