Amprius Technologies (NYSE:AMPX) Stock Price Down 3.3% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price dropped 3.3% during trading on Monday . The company traded as low as $8.84 and last traded at $9.0440. Approximately 6,062,585 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 6,138,059 shares. The stock had previously closed at $9.35.

Analysts Set New Price Targets

AMPX has been the subject of several research reports. Cantor Fitzgerald lifted their price objective on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a research report on Tuesday, October 7th. Finally, Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.29.

Amprius Technologies Trading Down 3.3%

The firm’s fifty day moving average price is $11.67 and its 200 day moving average price is $8.91. The firm has a market capitalization of $1.18 billion, a PE ratio of -34.78 and a beta of 2.94.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. As a group, research analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other news, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 198,255 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at $7,868,794.96. This trade represents a 20.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,291,934 shares of company stock valued at $13,627,944. 12.80% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently bought and sold shares of AMPX. Bank of America Corp DE raised its holdings 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 worth $36,000 after purchasing an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Amprius Technologies during the first quarter worth about $40,000. Ameritas Investment Partners Inc. grew its stake in shares of Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after buying an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amprius Technologies in the 2nd quarter valued at about $42,000. Finally, Quarry LP acquired a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $42,000. 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.