Amprius Technologies (NYSE:AMPX) Shares Down 4.1% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price fell 4.1% during mid-day trading on Thursday . The company traded as low as $9.94 and last traded at $10.19. Approximately 5,338,940 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 8,266,377 shares. The stock had previously closed at $10.63.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th. Wall Street Zen cut shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Northland Securities set a $24.00 target price on shares of Amprius Technologies in a report on Monday, May 11th. JonesTrading assumed coverage on shares of Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Amprius Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Amprius Technologies Price Performance

The stock has a market cap of $1.47 billion, a PE ratio of -35.69 and a beta of 2.33. The stock has a 50-day simple moving average of $11.86 and a 200-day simple moving average of $14.89.

Insider Transactions at Amprius Technologies

In other news, Director Donald R. Dixon sold 85,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.17, for a total value of $1,459,450.00. Following the completion of the sale, the director owned 359,380 shares of the company’s stock, valued at $6,170,554.60. This represents a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Constantin Ionel Stefan sold 3,208 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $17.19, for a total transaction of $55,145.52. Following the completion of the sale, the chief technology officer directly owned 801,310 shares of the company’s stock, valued at $13,774,518.90. This trade represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 152,834 shares of company stock valued at $2,723,382 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its stake in Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after buying an additional 1,643 shares in the last quarter. KBC Group NV acquired a new position in shares of Amprius Technologies in the 1st quarter valued at about $57,000. Quarry LP bought a new position in shares of Amprius Technologies during the third quarter valued at approximately $42,000. Parallel Advisors LLC bought a new position in Amprius Technologies during the 3rd quarter worth $54,000. Finally, Nykredit A S acquired a new stake in shares of Amprius Technologies in the 2nd quarter worth about $79,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.