Amprius Technologies (NYSE:AMPX) Stock Price Down 3.9% – Should You Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares fell 3.9% during mid-day trading on Tuesday . The company traded as low as $8.53 and last traded at $8.7180. 5,995,793 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 6,137,827 shares. The stock had previously closed at $9.07.

Analyst Ratings Changes

AMPX has been the topic of several recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research report on Tuesday. Northland Securities set a $20.00 target price on Amprius Technologies in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.57.

Amprius Technologies Stock Down 3.9%

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -33.53 and a beta of 2.94. The company has a 50-day moving average price of $11.59 and a 200-day moving average price of $8.95.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million during the quarter, compared to the consensus estimate of $16.45 million. Equities analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kang Sun sold 68,655 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $10.08, for a total value of $692,042.40. Following the completion of the transaction, the chief executive officer directly owned 1,403,651 shares in the company, valued at approximately $14,148,802.08. This represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the completion of the sale, the chief technology officer directly owned 748,696 shares in the company, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,291,934 shares of company stock valued at $13,627,944 in the last quarter. Corporate insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Amprius Technologies by 128.6% during the first quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock worth $656,000 after buying an additional 137,640 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Amprius Technologies in the 2nd quarter worth approximately $174,000. Baird Financial Group Inc. grew its position in Amprius Technologies by 99.9% during the 2nd quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock worth $4,213,000 after acquiring an additional 500,212 shares during the last quarter. Huntleigh Advisors Inc. acquired a new stake in Amprius Technologies during the 2nd quarter valued at $614,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Amprius Technologies during the 2nd quarter valued at $127,000. 5.04% of the stock is owned by institutional investors.

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.