Amprius Technologies (NYSE:AMPX) Sets New 12-Month Low – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $7.02 and last traded at $7.5140, with a volume of 3,546,388 shares trading hands. The stock had previously closed at $8.47.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JonesTrading assumed coverage on shares of Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Amprius Technologies in a research report on Friday. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group reiterated an “outperform” rating on shares of Amprius Technologies in a research note on Friday. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Amprius Technologies in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Amprius Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $21.42.

Amprius Technologies Price Performance

The business has a 50-day moving average of $9.10 and a 200 day moving average of $13.25. The company has a market cap of $1.24 billion, a PE ratio of -30.12 and a beta of 2.36.

Insider Transactions at Amprius Technologies

In related news, CEO Thomas Stepien sold 23,529 shares of the business’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 $243,289.86. Following the sale, the chief executive officer owned 602,096 shares of the company’s stock, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Stefan sold 29,681 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the completion of the sale, the chief technology officer owned 771,629 shares of the company’s stock, valued at $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 123,311 shares of company stock worth $1,272,556. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. raised its position in shares of Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after acquiring an additional 1,643 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Amprius Technologies by 5.4% in the second quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock worth $472,000 after acquiring an additional 1,743 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Amprius Technologies by 4.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,285 shares of the company’s stock valued at $487,000 after acquiring an additional 2,185 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Amprius Technologies by 14.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,809 shares of the company’s stock valued at $211,000 after purchasing an additional 2,764 shares during the period. Finally, KBC Group NV acquired a new stake in Amprius Technologies during the 1st quarter valued at approximately $57,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using its silicon nanowire anode technology. The company’s batteries are designed to provide greater energy density and faster charging than conventional lithium-ion cells, supporting applications where weight, size and performance are important.

Its product portfolio includes lightweight pouch-format battery cells and related battery technologies for electric aviation, aerospace, defense, drones, high-altitude platforms, electric vehicles and other e-mobility applications.