Amprius Technologies (NYSE:AMPX) Trading Down 5.6% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price fell 5.6% during mid-day trading on Friday . The stock traded as low as $9.88 and last traded at $9.92. 3,628,836 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 8,105,917 shares. The stock had previously closed at $10.51.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. Clear Str started coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective on the stock. JonesTrading assumed coverage on shares of Amprius Technologies in a research note on Friday, July 10th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Wall Street Zen cut Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Amprius Technologies Stock Down 5.6%

The company has a market cap of $1.40 billion, a PE ratio of -34.21 and a beta of 2.33. The company’s fifty day moving average is $11.41 and its 200-day moving average is $14.84.

Insider Transactions at Amprius Technologies

In other news, Director Kang Sun sold 62,101 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the sale, the director owned 1,218,397 shares of the company’s stock, valued at $12,598,224.98. This represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the sale, the chief executive officer directly owned 594,096 shares of the company’s stock, valued at approximately $5,958,782.88. This represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 250,311 shares of company stock valued at $3,539,146. 5.10% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its holdings in Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after acquiring an additional 1,643 shares during the period. Bank of America Corp DE raised its holdings in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares in the last quarter. Quarry LP bought a new position in Amprius Technologies during the third quarter valued at $42,000. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after purchasing an additional 9,684 shares during the last quarter. 5.04% of the stock is currently owned by 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.