Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) shares fell 7.5% during mid-day trading on Wednesday . The stock traded as low as $8.44 and last traded at $8.4460. Approximately 5,945,679 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 8,458,707 shares. The stock had previously closed at $9.13.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on AMPX shares. Clear Str initiated coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price target for the company. JonesTrading initiated coverage on shares of Amprius Technologies in a report on Friday, July 10th. They set a “buy” rating and a $30.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. Zacks Research cut shares of Amprius Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Amprius Technologies presently has an average rating of “Moderate Buy” and an average price target of $22.50.
Check Out Our Latest Research Report on Amprius Technologies
Amprius Technologies Trading Up 0.8%
Amprius Technologies (NYSE:AMPX – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%.The company had revenue of $28.54 million during the quarter, compared to analysts’ expectations of $25.72 million. Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. As a group, research analysts forecast that Amprius Technologies, Inc. will post -0.07 EPS for the current year.
Insider Activity
In other news, CEO Thomas M. Stepien sold 60,702 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.79, for a total value of $897,782.58. Following the completion of the transaction, the chief executive officer directly owned 699,298 shares in the company, valued at approximately $10,342,617.42. This represents a 7.99% decrease in their ownership of the stock. The sale 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, Director Donald R. Dixon sold 85,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.17, for a total transaction of $1,459,450.00. Following the sale, the director directly 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 310,144 shares of company stock valued at $5,049,997. 5.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Amprius Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in shares of Amprius Technologies during the first quarter worth about $57,000. Quarry LP purchased a new position in Amprius Technologies in the third quarter valued at about $42,000. Parallel Advisors LLC purchased a new position in Amprius Technologies in the third quarter valued at about $54,000. Leonteq Securities AG acquired a new stake in Amprius Technologies during the 4th quarter valued at approximately $47,000. Finally, State of Wyoming grew its stake in Amprius Technologies by 155.2% during the 1st quarter. State of Wyoming now owns 6,041 shares of the company’s stock valued at $102,000 after purchasing an additional 3,674 shares in the last quarter. 5.04% of the stock is 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.
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