Amprius Technologies (NYSE:AMPX) Stock Price Down 7.1% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX) shares traded down 7.1% on Wednesday . The stock traded as low as $17.38 and last traded at $17.4840. 8,867,739 shares changed hands during trading, a decline of 1% from the average session volume of 8,936,462 shares. The stock had previously closed at $18.83.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. B. Riley Financial increased their price target on shares of Amprius Technologies from $16.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Wall Street Zen cut shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. William Blair reaffirmed an “outperform” rating on shares of Amprius Technologies in a research report on Friday, March 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. Finally, Cantor Fitzgerald boosted their price target on shares of Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amprius Technologies has a consensus rating of “Moderate Buy” and an average price target of $20.25.

Amprius Technologies Price Performance

The company has a market capitalization of $2.31 billion, a PE ratio of -56.08 and a beta of 2.20. The company has a 50 day moving average of $18.26 and a two-hundred day moving average of $13.46.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. The business had revenue of $28.54 million for the quarter, compared to analysts’ expectations of $25.72 million. On average, equities analysts anticipate that Amprius Technologies, Inc. will post -0.07 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In related news, Director Kang Sun sold 1,500,000 shares of Amprius Technologies stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $15.91, for a total transaction of $23,865,000.00. Following the completion of the transaction, the director directly owned 1,342,400 shares of the company’s stock, valued at $21,357,584. This trade represents a 52.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven Chu sold 166,632 shares of Amprius Technologies stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.92, for a total transaction of $2,986,045.44. Following the transaction, the director directly owned 127,339 shares of the company’s stock, valued at approximately $2,281,914.88. This trade represents a 56.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,539,829 shares of company stock valued at $42,323,376. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Stephens Investment Management Group LLC purchased a new position in Amprius Technologies during the 3rd quarter valued at about $11,392,000. Oppenheimer & Co. Inc. lifted its position in Amprius Technologies by 47.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 442,090 shares of the company’s stock valued at $3,488,000 after acquiring an additional 142,751 shares during the period. Vanguard Group Inc. increased its stake in Amprius Technologies by 37.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after purchasing an additional 1,757,395 shares in the last quarter. SG Americas Securities LLC bought a new stake in Amprius Technologies during the 4th quarter valued at about $2,014,000. Finally, Tudor Investment Corp ET AL bought a new stake in Amprius Technologies during the 3rd quarter valued at about $7,530,000. 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.