Amprius Technologies (NYSE:AMPX) Reaches New 12-Month Low – Should You Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $7.59 and last traded at $7.5810, with a volume of 287,021 shares traded. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMPX. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Amprius Technologies in a research report on Tuesday, September 29th. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. National Bank Financial set a $18.00 target price on Amprius Technologies in a report on Tuesday, September 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Finally, Canaccord Genuity Group assumed coverage on shares of Amprius Technologies in a report on Wednesday. They issued a “buy” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.42.

Amprius Technologies Stock Performance

The stock has a market cap of $1.04 billion, a P/E ratio of -25.19 and a beta of 2.33. The business has a 50 day simple moving average of $10.02 and a 200-day simple moving average of $13.72.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CEO Thomas 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 sale, the chief executive officer directly owned 602,096 shares in the company, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $642,124.34. Following the sale, the director directly owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 123,311 shares of company stock valued at $1,272,556. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of large investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Amprius Technologies by 4.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,285 shares of the company’s stock worth $487,000 after buying an additional 2,185 shares during the last quarter. Bouvel Investment Partners LLC boosted its position in Amprius Technologies by 89.0% during the 3rd quarter. Bouvel Investment Partners LLC now owns 187,681 shares of the company’s stock valued at $1,817,000 after acquiring an additional 88,373 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Amprius Technologies by 50.1% during the 2nd quarter. Tidal Investments LLC now owns 30,975 shares of the company’s stock worth $429,000 after acquiring an additional 10,343 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Amprius Technologies in the 2nd quarter valued at approximately $92,000. Finally, Allworth Financial LP raised its holdings in Amprius Technologies by 1,150.6% in the second quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock worth $63,000 after purchasing an additional 4,165 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors.

About Amprius Technologies

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company’s products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.