Amprius Technologies (NYSE:AMPX) Stock Price Down 3.7% – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares traded down 3.7% during trading on Tuesday . The company traded as low as $9.39 and last traded at $9.6410. 7,646,056 shares traded hands during trading, an increase of 14% from the average session volume of 6,719,524 shares. The stock had previously closed at $10.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Northland Securities set a $20.00 target price on Amprius Technologies in a research note on Tuesday, October 7th. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Cantor Fitzgerald lifted 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. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and a consensus target price of $14.57.

Amprius Technologies Price Performance

The company has a 50 day moving average of $10.38 and a two-hundred day moving average of $9.49. The company has a market capitalization of $1.26 billion, a PE ratio of -37.08 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Transactions at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies 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 completion of the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at approximately $7,868,794.96. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kang Sun sold 68,655 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $10.08, for a total value of $692,042.40. Following the completion of the sale, the chief executive officer owned 1,403,651 shares in the company, valued at $14,148,802.08. The trade was a 4.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,291,934 shares of company stock worth $13,627,944. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMPX. Quarry LP bought a new stake in Amprius Technologies in the third quarter worth $42,000. Jones Financial Companies Lllp raised its position in shares of Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares during the last quarter. Parallel Advisors LLC bought a new position in Amprius Technologies in the 3rd quarter worth about $54,000. Geneos Wealth Management Inc. purchased a new stake in Amprius Technologies during the 3rd quarter valued at about $74,000. Finally, Ameritas Investment Partners Inc. increased its stake in Amprius Technologies by 2,043.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after purchasing an additional 9,072 shares in the last quarter. Hedge funds and other 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.