Amprius Technologies (NYSE:AMPX) Trading Down 1.9% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price fell 1.9% on Friday . The company traded as low as $9.76 and last traded at $9.9970. 7,103,957 shares traded hands during trading, a decline of 18% from the average session volume of 8,664,550 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMPX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Cantor Fitzgerald boosted their price target on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Needham & Company LLC started coverage on Amprius Technologies in a research note on Thursday, January 29th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Roth Mkm set a $14.00 target price on Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.57.

Amprius Technologies Price Performance

The firm’s 50-day moving average price is $10.40 and its 200 day moving average price is $10.30. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -38.45 and a beta of 2.99.

Insider Buying and Selling at Amprius Technologies

In related news, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the sale, the chief executive officer owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This trade represents a 40.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 492,827 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 748,696 shares of the company’s stock, valued at $9,014,299.84. The trade was a 39.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,399,331 shares of company stock valued at $37,048,615 in the last three months. 12.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AMPX. Voloridge Investment Management LLC purchased a new position in shares of Amprius Technologies during the third quarter valued at approximately $19,737,000. BNP Paribas Financial Markets raised its holdings in Amprius Technologies by 1,117.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock valued at $20,450,000 after acquiring an additional 1,784,291 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amprius Technologies by 37.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after purchasing an additional 1,757,395 shares during the period. Norges Bank purchased a new position in shares of Amprius Technologies during the 4th quarter worth $10,295,000. Finally, Invesco Ltd. boosted its holdings in shares of Amprius Technologies by 113.3% during the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after purchasing an additional 1,263,846 shares during the last quarter. 5.04% of the stock is currently owned by hedge funds and other 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.