Amprius Technologies (NYSE:AMPX) Stock Price Down 3.7% - Here's What Happened

Key Points

• Stock drop: AMPX fell 3.7% to $9.64 (intraday low $9.39) on Tuesday with ~7.65M shares traded, about 14% above its average volume.
• Analyst view: The consensus rating is a "Moderate Buy" with a consensus price target of $14.57 (seven Buys vs one Sell) and individual targets reaching as high as $20.00.
• Insider selling and fundamentals: CEO Kang Sun sold 1,000,000 shares (avg $10.60) and the CTO sold 198,255 shares, contributing to ~1.29M insider shares sold recently, while the company beat EPS and revenue estimates but still shows a negative net margin (~53%) and negative ROE.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) dropped 3.7% on Tuesday . The company traded as low as $9.39 and last traded at $9.6410. Approximately 7,646,056 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 6,719,524 shares. The stock had previously closed at $10.01.

Analyst Ratings Changes

Several research analysts have recently commented on AMPX shares. Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a "buy" rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. Oppenheimer reissued an "outperform" rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Northland Securities set a $20.00 price objective on shares of Amprius Technologies in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald increased their target price on Amprius Technologies from $12.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.57.

Amprius Technologies Stock Performance

The stock's 50 day moving average price is $10.38 and its 200-day moving average price is $9.49. The company has a market cap of $1.26 billion, a PE ratio of -37.08 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The company had revenue of $21.43 million for the quarter, compared to analysts' expectations of $16.45 million. On average, analysts anticipate that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Activity

In other Amprius Technologies news, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00. Following the transaction, the chief executive officer directly owned 1,472,306 shares of the company's stock, valued at $15,606,443.60. The trade was a 40.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the sale, the chief technology officer owned 748,696 shares of the company's stock, valued at $7,868,794.96. The trade was a 20.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,291,934 shares of company stock worth $13,627,944. Company insiders own 12.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMPX. Voloridge Investment Management LLC purchased a new stake in Amprius Technologies during the 3rd quarter valued at $19,737,000. BNP Paribas Financial Markets raised its stake in shares of Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company's stock valued at $20,450,000 after acquiring an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amprius Technologies by 37.0% during the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company's stock worth $68,513,000 after purchasing an additional 1,757,395 shares during the period. Invesco Ltd. grew its stake in shares of Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company's stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Amprius Technologies in the third quarter worth about $11,392,000. 5.04% of the stock is owned by hedge funds and other 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.

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