Amprius Technologies (NYSE:AMPX) Shares Down 5.8% – Here’s Why

Amprius Technologies, Inc. (NYSE:AMPX) shares dropped 5.8% during mid-day trading on Wednesday . The stock traded as low as $16.41 and last traded at $16.4180. Approximately 4,851,084 shares were traded during trading, a decline of 46% from the average daily volume of 8,970,550 shares. The stock had previously closed at $17.42.

Analyst Upgrades and Downgrades

AMPX has been the topic of several analyst reports. Northland Securities set a $24.00 target price on Amprius Technologies in a report on Monday, May 11th. Cantor Fitzgerald increased their target price on Amprius Technologies from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. William Blair reissued an “outperform” rating on shares of Amprius Technologies in a report on Friday, March 6th. Craig Hallum increased their target price on Amprius Technologies from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Roth Mkm reissued a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Amprius Technologies Stock Down 4.7%

The firm has a 50 day moving average of $18.54 and a two-hundred day moving average of $14.32. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -54.33 and a beta of 2.12.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $28.54 million during the quarter, compared to analyst estimates 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. Sell-side analysts forecast 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 3,208 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $17.19, for a total value of $55,145.52. Following the sale, the chief technology officer directly owned 801,310 shares of the company’s stock, valued at $13,774,518.90. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $20.97, for a total value of $41,940.00. Following the completion of the sale, the chief executive officer directly owned 625,625 shares in the company, valued at $13,119,356.25. This trade represents a 0.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,943,013 shares of company stock valued at $31,551,484. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Amprius Technologies

Several large investors have recently bought and sold shares of AMPX. Bank of America Corp DE boosted its stake in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after buying an additional 3,055 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Amprius Technologies by 86.7% during the first quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock valued at $208,000 after purchasing an additional 36,116 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock valued at $3,741,000 after purchasing an additional 678,442 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 valued at $656,000 after purchasing an additional 137,640 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares in the last quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.