Amprius Technologies (NYSE:AMPX) Shares Down 6.3% – Should You Sell?

Amprius Technologies, Inc. (NYSE:AMPX) traded down 6.3% during trading on Monday . The company traded as low as $11.91 and last traded at $11.7160. 1,044,674 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 8,291,368 shares. The stock had previously closed at $12.51.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Northland Securities set a $24.00 price objective on Amprius Technologies in a research report on Monday, May 11th. JonesTrading assumed coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price on the stock. Clear Str started coverage on shares of Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Amprius Technologies Stock Performance

The stock has a fifty day simple moving average of $12.23 and a two-hundred day simple moving average of $14.96. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -36.89 and a beta of 2.34.

Insiders Place Their Bets

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 3,208 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $17.19, for a total transaction of $55,145.52. Following the transaction, the chief technology officer directly owned 801,310 shares in the company, valued at approximately $13,774,518.90. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 67,796 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.79, for a total transaction of $1,002,702.84. Following the sale, the director directly owned 1,280,854 shares of the company’s stock, valued at approximately $18,943,830.66. This trade represents a 5.03% decrease in their position. 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. In the last three months, insiders have sold 310,144 shares of company stock valued at $5,049,997. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its stake in Amprius Technologies by 47.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 442,090 shares of the company’s stock valued at $3,488,000 after acquiring an additional 142,751 shares during the period. Stephens Investment Management Group LLC raised its position in shares of Amprius Technologies by 33.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,441,698 shares of the company’s stock worth $11,375,000 after purchasing an additional 358,791 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Amprius Technologies during the fourth quarter worth approximately $1,657,000. Vanguard Group Inc. lifted its holdings in shares of Amprius Technologies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company’s stock worth $56,245,000 after purchasing an additional 616,037 shares in the last quarter. Finally, UBS Group AG grew its position in Amprius Technologies by 35.5% in the 4th quarter. UBS Group AG now owns 2,098,946 shares of the company’s stock valued at $16,561,000 after purchasing an additional 549,892 shares during the period. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

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.