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

Key Points

• Amprius Technologies shares fell 4.1% to $9.47 on Tuesday, with trading volume about 50% below the average session volume. The stock’s market capitalization is approximately $1.34 billion.
• Analyst sentiment remains broadly positive despite mixed ratings, with a consensus “Moderate Buy” recommendation and a $23.00 price target versus the current share price.
• Company insiders sold 250,311 shares worth $3.54 million over the past three months, though the reported sales were made primarily to cover tax withholding obligations tied to vested equity awards.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report)'s share price fell 4.1% during trading on Tuesday . The stock traded as low as $9.40 and last traded at $9.47. Approximately 3,991,257 shares were traded during trading, a decline of 50% from the average session volume of 8,056,351 shares. The stock had previously closed at $9.88.

Analyst Ratings Changes

A number of research analysts have issued reports on AMPX shares. Wall Street Zen downgraded Amprius Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Clear Str initiated coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They set a "strong-buy" rating and a $33.00 target price for the company. Northland Securities set a $24.00 target price on shares of Amprius Technologies in a research note on Monday, May 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a report on Friday, July 17th. Finally, Roth Capital restated a "buy" rating on shares of Amprius Technologies in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Amprius Technologies Stock Performance

The stock has a market cap of $1.34 billion, a PE ratio of -32.66 and a beta of 2.34. The company has a 50 day moving average of $11.17 and a two-hundred day moving average of $14.81.

Insiders Place Their Bets

In other news, CEO Thomas M. Stepien sold 8,000 shares of the 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 owned 594,096 shares in the company, valued at $5,958,782.88. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Ionel Stefan sold 29,681 shares of Amprius Technologies stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $306,901.54. Following the completion of the sale, the chief technology officer directly owned 771,629 shares in the company, valued at $7,978,643.86. This represents a 3.70% decrease in their position. 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 a total of 250,311 shares of company stock valued at $3,539,146 in the last three months. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Amprius Technologies by 9.5% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Amprius Technologies by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 2,678,417 shares of the company's stock worth $21,137,000 after purchasing an additional 253,529 shares during the last quarter. State Street Corp raised its position in shares of Amprius Technologies by 16.6% during the 4th quarter. State Street Corp now owns 2,553,710 shares of the company's stock worth $20,149,000 after purchasing an additional 363,928 shares during the last quarter. Invesco Ltd. lifted its stake in Amprius Technologies by 113.3% in the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company's stock valued at $25,031,000 after buying an additional 1,263,846 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Amprius Technologies by 23.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,194,841 shares of the company's stock valued at $17,317,000 after buying an additional 410,724 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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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