Amprius Technologies (NYSE:AMPX) Trading Down 4.1% - Here's Why

Key Points

• Amprius Technologies shares fell 4.1% to $10.19, with about 5.34 million shares traded—35% below average volume.
• Analyst opinions remain mixed, but the overall consensus is “Moderate Buy” with an average price target of $23, well above the current price.
• Insiders sold 152,834 shares worth $2.72 million in the last quarter, while institutional investors increased holdings; insiders own 5.10% and institutions own 5.04% of the company.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price was down 4.1% during trading on Thursday . The stock traded as low as $9.94 and last traded at $10.19. Approximately 5,338,940 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 8,266,377 shares. The stock had previously closed at $10.63.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMPX. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Amprius Technologies in a report on Friday, July 17th. JonesTrading began coverage on shares of Amprius Technologies in a report on Friday, July 10th. They set a "buy" rating and a $30.00 price target on the stock. Wall Street Zen lowered shares of Amprius Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Zacks Research raised shares of Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Clear Str assumed coverage on shares of Amprius Technologies in a research report on Tuesday, June 2nd. They issued a "strong-buy" rating and a $33.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Amprius Technologies Price Performance

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.14 and a beta of 2.33. The firm has a fifty day simple moving average of $12.12 and a 200 day simple moving average of $14.94.

Insider Buying and Selling

In other Amprius Technologies news, CEO Thomas M. Stepien sold 2,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $20.97, for a total transaction of $41,940.00. Following the transaction, the chief executive officer directly owned 625,625 shares of the company's stock, valued at $13,119,356.25. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 3,208 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $17.19, for a total transaction of $55,145.52. Following the transaction, the chief technology officer directly owned 801,310 shares in the company, valued at approximately $13,774,518.90. The trade was a 0.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 152,834 shares of company stock valued at $2,723,382. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMPX. Oppenheimer & Co. Inc. raised its position in shares of Amprius Technologies by 47.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 442,090 shares of the company's stock valued at $3,488,000 after buying an additional 142,751 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Amprius Technologies by 33.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,441,698 shares of the company's stock worth $11,375,000 after acquiring an additional 358,791 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Amprius Technologies during the fourth quarter worth about $1,657,000. Vanguard Group Inc. grew its stake in Amprius Technologies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company's stock valued at $56,245,000 after acquiring an additional 616,037 shares in the last quarter. Finally, UBS Group AG grew its stake in Amprius Technologies by 35.5% during the 4th quarter. UBS Group AG now owns 2,098,946 shares of the company's stock valued at $16,561,000 after acquiring an additional 549,892 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Company Profile

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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