Amprius Technologies (NYSE:AMPX) Hits New 12-Month Low – Should You Sell?

Amprius Technologies, Inc. (NYSE:AMPX) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $7.26 and last traded at $7.5950, with a volume of 4,126,725 shares traded. The stock had previously closed at $7.59.

Analyst Ratings Changes

Several brokerages have recently commented on AMPX. National Bank Financial set a $18.00 price target on Amprius Technologies in a research note on Tuesday, September 29th. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Thursday, October 15th. 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. Finally, Canaccord Genuity Group began coverage on shares of Amprius Technologies in a research report on Wednesday, October 14th. They set a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Amprius Technologies has an average rating of “Moderate Buy” and an average price target of $21.42.

Amprius Technologies Stock Performance

The company’s fifty day moving average is $9.71 and its 200-day moving average is $13.49.

Insiders Place Their Bets

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the sale, the director owned 1,218,397 shares of the company’s stock, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Stefan sold 29,681 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the sale, the chief technology officer directly owned 771,629 shares in the company, valued at $7,978,643.86. This trade represents a 3.70% 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. Insiders sold a total of 123,311 shares of company stock worth $1,272,556 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. boosted its position 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 purchasing an additional 1,643 shares in the last quarter. KBC Group NV bought a new position in Amprius Technologies in the first quarter worth about $57,000. Allworth Financial LP raised its holdings in Amprius Technologies by 1,150.6% in the second quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock worth $63,000 after purchasing an additional 4,165 shares in the last quarter. Nykredit A S bought a new position in Amprius Technologies in the second quarter worth about $79,000. Finally, State of Wyoming lifted its position in shares of Amprius Technologies by 155.2% during the first quarter. State of Wyoming now owns 6,041 shares of the company’s stock valued at $102,000 after buying an additional 3,674 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company’s products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.