Amprius Technologies (NYSE:AMPX) Shares Down 1.4% - What's Next?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price fell 1.4% during trading on Thursday . The stock traded as low as $7.76 and last traded at $7.92. 2,157,152 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 4,662,419 shares. The stock had previously closed at $8.03.

Analyst Ratings Changes

AMPX has been the topic of a number of analyst reports. William Blair upgraded shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday, July 18th. B. Riley restated a "buy" rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research report on Thursday, July 10th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amprius Technologies presently has an average rating of "Buy" and a consensus target price of $10.17.

Amprius Technologies Stock Down 3.7%

The firm has a market capitalization of $941.44 million, a PE ratio of -19.40 and a beta of 2.68. The stock's fifty day simple moving average is $4.44 and its 200 day simple moving average is $3.33.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Amprius Technologies had a negative net margin of 133.34% and a negative return on equity of 67.67%. The business had revenue of $11.28 million during the quarter, compared to analysts' expectations of $8.52 million. On average, analysts predict that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other news, CFO Sandra Wallach sold 27,595 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $67,055.85. Following the completion of the sale, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at $2,511,805.95. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kang Sun sold 69,786 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $169,579.98. Following the completion of the sale, the chief executive officer directly owned 1,812,235 shares of the company's stock, valued at approximately $4,403,731.05. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,747 shares of company stock valued at $286,125. Insiders own 12.90% of the company's stock.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in shares of Amprius Technologies by 319.4% in the first quarter. Oppenheimer & Co. Inc. now owns 491,378 shares of the company's stock worth $1,317,000 after purchasing an additional 374,228 shares in the last quarter. Jane Street Group LLC purchased a new stake in Amprius Technologies in the 4th quarter worth $724,000. Two Sigma Advisers LP purchased a new stake in Amprius Technologies in the 4th quarter worth $128,000. Geode Capital Management LLC lifted its stake in Amprius Technologies by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock worth $1,626,000 after purchasing an additional 32,681 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after buying an additional 752,000 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.