Amprius Technologies (NYSE:AMPX) Shares Down 10.2% – Here’s What Happened
by Danessa Lincoln · The Markets DailyShares of Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) were down 10.2% during mid-day trading on Tuesday . The company traded as low as $11.70 and last traded at $11.7570. 11,257,509 shares were traded during trading, an increase of 28% from the average daily volume of 8,788,905 shares. The stock had previously closed at $13.09.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on AMPX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Amprius Technologies in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Clear Str initiated coverage on Amprius Technologies in a report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.67.
Read Our Latest Research Report on Amprius Technologies
Amprius Technologies Trading Down 10.2%
The stock has a fifty day simple moving average of $17.19 and a 200-day simple moving average of $14.70. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -39.19 and a beta of 2.25.
Amprius Technologies (NYSE:AMPX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.04) EPS 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 business had revenue of $28.54 million for the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. Sell-side analysts forecast that Amprius Technologies, Inc. will post -0.07 earnings per share for the current fiscal year.
Insider Activity at Amprius Technologies
In other news, CEO Thomas M. Stepien sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $20.97, for a total transaction of $41,940.00. Following the sale, the chief executive officer directly owned 625,625 shares in the company, valued at approximately $13,119,356.25. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kang Sun sold 67,796 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 $1,002,702.84. Following the completion of the transaction, the director owned 1,280,854 shares of the company’s stock, valued at $18,943,830.66. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 310,144 shares of company stock valued at $5,049,997 in the last quarter. Company insiders own 5.10% of the company’s stock.
Institutional Investors Weigh In On Amprius Technologies
Institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV bought a new stake in Amprius Technologies during the 1st quarter worth approximately $57,000. Quarry LP acquired a new position in Amprius Technologies in the third quarter worth $42,000. Parallel Advisors LLC acquired a new position in Amprius Technologies in the third quarter worth $54,000. Leonteq Securities AG bought a new stake in shares of Amprius Technologies during the fourth quarter worth $47,000. Finally, State of Wyoming grew its holdings 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 worth $102,000 after purchasing an additional 3,674 shares during the last quarter. Institutional investors own 5.04% of the company’s stock.
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.