Amprius Technologies (NYSE:AMPX) Stock Price Down 5.8% – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price fell 5.8% during mid-day trading on Monday . The company traded as low as $15.08 and last traded at $15.8710. 7,190,447 shares were traded during mid-day trading, a decline of 19% from the average session volume of 8,862,809 shares. The stock had previously closed at $16.85.

Analyst Ratings Changes

AMPX has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Monday, April 20th. Cantor Fitzgerald lifted their price target on Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Roth Mkm reiterated a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Amprius Technologies in a research report on Tuesday, March 10th. Finally, Northland Securities set a $24.00 price target on Amprius Technologies in a research report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Amprius Technologies Stock Down 5.8%

The company has a market capitalization of $2.25 billion, a PE ratio of -52.90 and a beta of 2.20. The company has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $13.47.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds have recently added to or reduced their stakes in AMPX. Voloridge Investment Management LLC bought a new stake in Amprius Technologies during the third quarter worth about $19,737,000. BNP Paribas Financial Markets lifted its stake in Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after purchasing an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. lifted its stake in Amprius Technologies by 37.0% during the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after purchasing an additional 1,757,395 shares during the last quarter. Norges Bank bought a new stake in Amprius Technologies during the fourth quarter worth about $10,295,000. Finally, Invesco Ltd. lifted its stake in Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the last quarter. 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.