Amprius Technologies (NYSE:AMPX) Shares Gap Up – Here’s What Happened

Shares of Amprius Technologies, Inc. (NYSE:AMPX) gapped up prior to trading on Thursday . The stock had previously closed at $17.16, but opened at $18.31. Amprius Technologies shares last traded at $19.6640, with a volume of 2,916,191 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMPX. Northland Securities set a $24.00 price target on shares of Amprius Technologies in a research note on Monday, May 11th. Craig Hallum boosted their price target on shares of Amprius Technologies from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Roth Mkm reissued a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. Wall Street Zen cut shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Amprius Technologies in a research note on Tuesday, March 10th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.25.

Amprius Technologies Stock Performance

The stock’s 50-day simple moving average is $18.03 and its 200-day simple moving average is $13.66. The firm has a market capitalization of $2.97 billion, a PE ratio of -69.37 and a beta of 2.20.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $28.54 million for the quarter, compared to analysts’ expectations of $25.72 million. Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. As a group, analysts predict that Amprius Technologies, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas M. Stepien sold 60,702 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $14.79, for a total value of $897,782.58. Following the completion of the transaction, the chief executive officer directly owned 699,298 shares in the company, valued at $10,342,617.42. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Wen Hsuan Hsieh sold 413,146 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $18.44, for a total transaction of $7,618,412.24. Following the completion of the transaction, the director owned 44,444 shares of the company’s stock, valued at approximately $819,547.36. The trade was a 90.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,610,522 shares of company stock worth $43,769,962 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in shares of Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the period. Quarry LP bought a new position in shares of Amprius Technologies in the 3rd quarter worth approximately $42,000. Rhumbline Advisers lifted its stake in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the period. Legal & General Group Plc lifted its stake in shares of Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after purchasing an additional 9,684 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Amprius Technologies in the 2nd quarter worth approximately $44,000. Institutional investors own 5.04% of the company’s stock.

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.