Amprius Technologies (NYSE:AMPX) Shares Down 5.6% - Time to Sell?

Key Points

• Amprius Technologies shares fell 5.6% to $9.92, below both its 50-day moving average of $11.41 and 200-day moving average of $14.84, while trading volume was 55% below average.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $23.00, despite some sell ratings and price targets ranging from $24 to $30.
• Insiders sold 250,311 shares worth approximately $3.54 million in the last quarter, while institutional ownership remained relatively limited at 5.04%; the company develops high-energy-density silicon-anode lithium-ion batteries.

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) fell 5.6% during trading on Friday . The company traded as low as $9.88 and last traded at $9.92. 3,628,836 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 8,105,917 shares. The stock had previously closed at $10.51.

Analyst Ratings Changes

AMPX has been the topic of several research analyst reports. JonesTrading started coverage on Amprius Technologies in a research note on Friday, July 10th. They issued a "buy" rating and a $30.00 price objective on the stock. Northland Securities set a $24.00 target price on Amprius Technologies in a report on Monday, May 11th. Wall Street Zen lowered shares of Amprius Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Roth Capital reaffirmed a "buy" rating on shares of Amprius Technologies in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Amprius Technologies in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Amprius Technologies Price Performance

The business's fifty day moving average price is $11.41 and its 200-day moving average price is $14.84. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -34.21 and a beta of 2.33.

Insider Buying and Selling at Amprius Technologies

In other news, Director Kang Sun sold 62,101 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the completion of the sale, the director owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald R. Dixon sold 85,000 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.17, for a total transaction of $1,459,450.00. Following the completion of the sale, the director directly owned 359,380 shares of the company's stock, valued at $6,170,554.60. The trade was a 19.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 250,311 shares of company stock worth $3,539,146 in the last quarter. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Large investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its stake in shares of Amprius Technologies by 47.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 442,090 shares of the company's stock worth $3,488,000 after purchasing an additional 142,751 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in Amprius Technologies by 33.1% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,441,698 shares of the company's stock worth $11,375,000 after purchasing an additional 358,791 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Amprius Technologies in the fourth quarter worth about $1,657,000. Vanguard Group Inc. boosted its holdings in Amprius Technologies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company's stock valued at $56,245,000 after purchasing an additional 616,037 shares during the period. Finally, UBS Group AG boosted its stake in Amprius Technologies by 35.5% during the fourth quarter. UBS Group AG now owns 2,098,946 shares of the company's stock valued at $16,561,000 after buying an additional 549,892 shares during the period. 5.04% of the stock is owned by hedge funds and other institutional investors.

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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