Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price traded down 3.6% during mid-day trading on Wednesday . The company traded as low as $10.67 and last traded at $11.1350. 5,630,761 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 8,818,200 shares. The stock had previously closed at $11.55.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on AMPX shares. Oppenheimer reaffirmed an "outperform" rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Cantor Fitzgerald lifted their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Roth Mkm set a $14.00 price objective on shares of Amprius Technologies and gave the company a "buy" rating in a research report on Wednesday, October 22nd. Finally, Needham & Company LLC initiated coverage on shares of Amprius Technologies in a research report on Thursday, January 29th. They set a "buy" rating and a $20.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.57.
Check Out Our Latest Research Report on Amprius Technologies
Amprius Technologies Price Performance
The business's 50 day simple moving average is $10.50 and its 200-day simple moving average is $10.26. The stock has a market capitalization of $1.45 billion, a P/E ratio of -42.83 and a beta of 2.99.
Insider Transactions at Amprius Technologies
In other Amprius Technologies news, Director Kang Sun sold 43,185 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total value of $476,330.55. Following the transaction, the director owned 1,403,651 shares of the company's stock, valued at approximately $15,482,270.53. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 39,690 shares of the business's stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $476,280.00. Following the transaction, the chief technology officer owned 748,696 shares of the company's stock, valued at $8,984,352. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,399,331 shares of company stock valued at $37,048,615 in the last quarter. 12.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Amprius Technologies
Large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after purchasing an additional 3,055 shares during the period. AQR Capital Management LLC raised its stake in Amprius Technologies by 86.7% during the 1st quarter. AQR Capital Management LLC now owns 77,764 shares of the company's stock worth $208,000 after buying an additional 36,116 shares during the period. Millennium Management LLC lifted its holdings in Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock worth $3,741,000 after acquiring an additional 678,442 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Amprius Technologies by 128.6% in the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company's stock valued at $656,000 after acquiring an additional 137,640 shares during the period. Finally, Rhumbline Advisers grew its stake in Amprius Technologies by 61.1% in the first 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 period. Institutional investors own 5.04% of the company's stock.
About Amprius Technologies
(
Get Free Report)
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.
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