Amprius Technologies (NYSE:AMPX) Trading Down 1.4% - Here's What Happened

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price fell 1.4% during mid-day trading on Thursday . The company traded as low as $7.76 and last traded at $7.92. 2,157,152 shares traded 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 Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMPX shares. William Blair upgraded Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday, July 18th. B. Riley reiterated a "buy" rating and issued a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a report on Thursday, July 10th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $10.17.

Amprius Technologies Stock Performance

The company has a 50-day moving average of $4.55 and a 200-day moving average of $3.36.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $11.28 million during the quarter, compared to the consensus estimate of $8.52 million. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. Equities analysts predict that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 20,366 shares of Amprius Technologies stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $49,489.38. Following the completion of the sale, the chief technology officer owned 866,134 shares of the company's stock, valued at approximately $2,104,705.62. The trade was a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $67,055.85. Following the sale, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,747 shares of company stock valued at $286,125. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies during the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amprius Technologies during the 2nd quarter worth about $42,000. Bank of America Corp DE lifted its position in 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 during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in Amprius Technologies during the 1st quarter worth about $40,000. Finally, Cornerstone Partners Capital Management LLC acquired a new stake in Amprius Technologies during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Company Profile

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.