Amprius Technologies (NYSE:AMPX) Hits New 12-Month Low - Should You Sell?

Key Points

• Amprius Technologies fell to a new 52-week low of $7.26, trading below its 50-day and 200-day moving averages of $9.71 and $13.49, respectively.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $21.42, although ratings range from Strong Buy to Sell.
• Insiders sold 123,311 shares worth approximately $1.27 million over the past 90 days, while institutional investors increased holdings; insiders own 5.10% and institutions own 5.04% of the stock.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $7.26 and last traded at $7.5950, with a volume of 4,126,725 shares trading hands. The stock had previously closed at $7.59.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMPX. Canaccord Genuity Group initiated coverage on Amprius Technologies in a research note on Wednesday, October 14th. They set a "buy" rating and a $14.00 target price on the stock. HC Wainwright reissued a "buy" rating and set a $18.00 price target on shares of Amprius Technologies in a research note on Tuesday, September 29th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research note on Thursday, October 15th. National Bank Financial set a $18.00 price objective on Amprius Technologies in a report on Tuesday, September 29th. Finally, Zacks Research raised Amprius Technologies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.42.

Amprius Technologies Stock Up 0.1%

The stock's fifty day moving average price is $9.71 and its 200 day moving average price is $13.49.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the transaction, the director directly owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $10.03, for a total transaction of $80,240.00. Following the transaction, the chief executive officer directly owned 594,096 shares in the company, valued at approximately $5,958,782.88. This trade represents a 1.33% 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. Insiders sold 123,311 shares of company stock worth $1,272,556 in the last 90 days. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Amprius Technologies

Several institutional investors and hedge funds have recently modified their holdings of AMPX. Sei Investments Co. boosted its holdings in shares of Amprius Technologies by 34.1% in the first quarter. Sei Investments Co. now owns 579,161 shares of the company's stock valued at $9,765,000 after purchasing an additional 147,375 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Amprius Technologies by 700.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 431,398 shares of the company's stock worth $6,695,000 after purchasing an additional 377,485 shares during the period. SG Americas Securities LLC increased its holdings in Amprius Technologies by 65.7% during the 1st quarter. SG Americas Securities LLC now owns 423,037 shares of the company's stock worth $7,132,000 after purchasing an additional 167,785 shares during the period. First Trust Advisors LP increased its holdings in Amprius Technologies by 1,105.0% during the 1st quarter. First Trust Advisors LP now owns 394,569 shares of the company's stock worth $6,652,000 after purchasing an additional 361,825 shares during the period. Finally, Calamos Advisors LLC increased its holdings in Amprius Technologies by 206.2% during the 1st quarter. Calamos Advisors LLC now owns 364,506 shares of the company's stock worth $6,146,000 after purchasing an additional 245,473 shares during the period. Institutional investors own 5.04% of the company's stock.

About Amprius Technologies

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company's products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.

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