Amprius Technologies (NYSE:AMPX) Trading Down 4.1% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX) fell 4.1% on Tuesday . The stock traded as low as $9.40 and last traded at $9.47. 3,991,257 shares were traded during mid-day trading, a decline of 50% from the average session volume of 8,056,351 shares. The stock had previously closed at $9.88.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMPX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Roth Capital restated a “buy” rating on shares of Amprius Technologies in a report 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. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Northland Securities set a $24.00 target price on shares of Amprius Technologies in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amprius Technologies has an average rating of “Moderate Buy” and an average price target of $23.00.

Amprius Technologies Trading Down 4.1%

The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -32.66 and a beta of 2.34. The company has a fifty day moving average price of $11.17 and a two-hundred day moving average price of $14.81.

Insider Buying and Selling

In other Amprius Technologies news, Director Donald R. Dixon sold 85,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.17, for a total transaction of $1,459,450.00. Following the transaction, the director owned 359,380 shares of the company’s stock, valued at approximately $6,170,554.60. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas M. Stepien sold 23,529 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $243,289.86. Following the transaction, the chief executive officer directly owned 602,096 shares in the company, valued at $6,225,672.64. This trade represents a 3.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 250,311 shares of company stock worth $3,539,146. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AMPX. EWA LLC grew its holdings in shares of Amprius Technologies by 3.8% in the fourth quarter. EWA LLC now owns 19,958 shares of the company’s stock valued at $157,000 after purchasing an additional 723 shares during the period. Victory Capital Management Inc. raised its stake in 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 purchasing an additional 1,516 shares during the period. Graham Capital Management L.P. raised its stake in 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 purchasing an additional 1,551 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Amprius Technologies by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,280 shares of the company’s stock valued at $263,000 after purchasing an additional 1,621 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after buying an additional 1,643 shares during the period. Institutional investors and hedge funds 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.