Amprius Technologies (NYSE:AMPX) Stock Price Down 6.3% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX) shares dropped 6.3% on Friday . The company traded as low as $15.90 and last traded at $16.0740. Approximately 6,798,691 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 8,954,087 shares. The stock had previously closed at $17.16.

Analyst Ratings Changes

AMPX has been the subject of a number of analyst reports. Craig Hallum upped their price objective on shares of Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Oppenheimer restated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. William Blair restated an “outperform” rating on shares of Amprius Technologies in a research report on Friday, March 6th. B. Riley Financial raised their price objective on shares of Amprius Technologies from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, March 10th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Amprius Technologies has a consensus rating of “Moderate Buy” and an average price target of $19.75.

Amprius Technologies Stock Performance

The company has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $11.86. The company has a market cap of $2.20 billion, a PE ratio of -47.28 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $25.23 million during the quarter, compared to analyst estimates of $22.91 million. Amprius Technologies had a negative net margin of 60.30% and a negative return on equity of 24.29%. Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. As a group, analysts expect that Amprius Technologies, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 492,827 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the transaction, the chief technology officer directly owned 748,696 shares in the company, valued at $9,014,299.84. The trade was a 39.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven Chu sold 166,632 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $17.92, for a total transaction of $2,986,045.44. Following the completion of the transaction, the director directly owned 127,339 shares in the company, valued at $2,281,914.88. This trade represents a 56.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,147,226 shares of company stock worth $41,879,047 in the last 90 days. 12.90% of the stock is owned by corporate insiders.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Alberta Investment Management Corp acquired a new stake in Amprius Technologies during the fourth quarter valued at $1,001,000. Vident Advisory LLC acquired a new position in Amprius Technologies in the 4th quarter worth about $107,000. Summit Securities Group LLC acquired a new position in Amprius Technologies in the 4th quarter worth about $54,000. Numerai GP LLC raised its stake in shares of Amprius Technologies by 29.1% during the 4th quarter. Numerai GP LLC now owns 96,209 shares of the company’s stock worth $759,000 after purchasing an additional 21,698 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its stake in shares of Amprius Technologies by 142.6% during the 4th quarter. Osterweis Capital Management Inc. now owns 454,830 shares of the company’s stock worth $3,589,000 after purchasing an additional 267,385 shares in the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.