Amprius Technologies (NYSE:AMPX) Trading Down 4.8% - What's Next?

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price was down 4.8% on Tuesday . The company traded as low as $7.81 and last traded at $7.98. Approximately 4,604,545 shares were traded during trading, an increase of 34% from the average daily volume of 3,436,407 shares. The stock had previously closed at $8.38.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMPX shares. William Blair raised shares of Amprius Technologies from a "market perform" rating to an "outperform" rating in a research note on Friday. B. Riley reaffirmed a "buy" rating and set a $10.00 target price (up previously from $6.00) on shares of Amprius Technologies in a research note on Thursday, July 10th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $10.17.

Amprius Technologies Stock Performance

The stock has a 50 day moving average price of $4.00 and a two-hundred day moving average price of $3.20. The company has a market capitalization of $952.28 million, a PE ratio of -19.40 and a beta of 2.68.

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

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 27,595 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $67,055.85. Following the transaction, the chief financial officer owned 1,033,665 shares of the company's stock, valued at $2,511,805.95. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kang Sun sold 69,786 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $169,579.98. Following the transaction, the chief executive officer directly owned 1,812,235 shares in the company, valued at approximately $4,403,731.05. This trade represents a 3.71% decrease in their position. 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. Company insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AMPX. Mercer Global Advisors Inc. ADV bought a new stake in Amprius Technologies during the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Amprius Technologies during the second quarter worth $42,000. Bank of America Corp DE lifted its stake in Amprius Technologies by 31.1% during 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 last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Amprius Technologies in the 1st quarter valued at $40,000. Finally, Cornerstone Partners Capital Management LLC bought a new position in shares of Amprius Technologies in the 1st quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.