Amprius Technologies (NYSE:AMPX) Stock Price Down 5.8% – Time to Sell?

Amprius Technologies, Inc. (NYSE:AMPX)’s share price was down 5.8% on Friday . The company traded as low as $16.74 and last traded at $16.8260. Approximately 5,885,444 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 8,880,786 shares. The stock had previously closed at $17.87.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMPX shares. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Amprius Technologies in a report on Tuesday, March 10th. B. Riley Financial lifted their target price on Amprius Technologies from $16.00 to $22.00 and gave the company a “buy” rating in a report on Monday, March 9th. William Blair reiterated an “outperform” rating on shares of Amprius Technologies in a report on Friday, March 6th. Cantor Fitzgerald lifted their target price on Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Finally, Craig Hallum lifted their target price on Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a report on Friday, March 6th. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Amprius Technologies Stock Down 5.8%

The stock has a fifty day moving average of $18.17 and a two-hundred day moving average of $13.44. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -56.08 and a beta of 2.20.

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

Insider Buying and Selling

In other news, CTO Constantin Ionel Stefan sold 25,366 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.16, for a total value of $257,718.56. Following the completion of the sale, the chief technology officer owned 723,330 shares of the company’s stock, valued at $7,349,032.80. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kang Sun sold 1,500,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $15.91, for a total value of $23,865,000.00. Following the completion of the sale, the director directly owned 1,342,400 shares of the company’s stock, valued at $21,357,584. The trade was a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,539,829 shares of company stock worth $42,323,376 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. EWA LLC increased its position in shares of Amprius Technologies by 3.8% during the fourth quarter. EWA LLC now owns 19,958 shares of the company’s stock worth $157,000 after acquiring an additional 723 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Amprius Technologies by 14.7% during the third quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after acquiring an additional 1,516 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Amprius Technologies by 3.2% during the fourth quarter. Graham Capital Management L.P. now owns 49,596 shares of the company’s stock worth $391,000 after acquiring an additional 1,551 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Amprius Technologies by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock worth $263,000 after acquiring an additional 1,621 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Amprius Technologies by 6.7% in the fourth quarter. First Trust Advisors LP now owns 32,744 shares of the company’s stock valued at $258,000 after buying an additional 2,066 shares during the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.