Amprius Technologies (NYSE:AMPX) Stock Price Down 10.2% Following Analyst Downgrade

Shares of Amprius Technologies, Inc. (NYSE:AMPX) traded down 10.2% during mid-day trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $11.70 and last traded at $11.7570. 11,257,509 shares changed hands during trading, an increase of 28% from the average daily volume of 8,788,905 shares. The stock had previously closed at $13.09.

A number of other equities analysts have also recently issued reports on AMPX. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Amprius Technologies in a research report on Tuesday, March 10th. Northland Securities set a $24.00 target price on shares of Amprius Technologies in a research note on Monday, May 11th. B. Riley Financial increased their price target on Amprius Technologies from $16.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Clear Str began coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective on the stock. Finally, Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.67.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, Director Kang Sun sold 67,796 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the completion of the transaction, the director owned 1,280,854 shares in the company, valued at approximately $18,943,830.66. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $20.97, for a total transaction of $41,940.00. Following 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 310,144 shares of company stock worth $5,049,997. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings 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. AQR Capital Management LLC increased its holdings in Amprius Technologies by 86.7% in the 1st quarter. AQR Capital Management LLC now owns 77,764 shares of the company’s stock worth $208,000 after acquiring an additional 36,116 shares during the last quarter. Millennium Management LLC increased its holdings in Amprius Technologies by 94.5% in the 1st quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock worth $3,741,000 after acquiring an additional 678,442 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Amprius Technologies by 128.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 244,646 shares of the company’s stock valued at $656,000 after acquiring an additional 137,640 shares during the period. Finally, Rhumbline Advisers raised its stake in Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares during the period. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Price Performance

The firm has a market capitalization of $1.68 billion, a PE ratio of -39.55 and a beta of 2.25. The company’s fifty day simple moving average is $16.82 and its 200 day simple moving average is $14.74.

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

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.