Amprius Technologies (NYSE:AMPX) Stock Price Down 3.3% – Time to Sell?

by · The Cerbat Gem

Shares of Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) were down 3.3% during mid-day trading on Monday . The company traded as low as $11.67 and last traded at $11.7720. Approximately 5,017,450 shares were traded during trading, a decline of 18% from the average daily volume of 6,137,225 shares. The stock had previously closed at $12.18.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMPX. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald lifted their target price on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, October 7th. Finally, Roth Capital set a $14.00 price target on shares of Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Amprius Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

View Our Latest Report on Amprius Technologies

Amprius Technologies Trading Down 3.3%

The firm has a market capitalization of $1.54 billion, a P/E ratio of -45.28 and a beta of 2.94. The stock has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $8.37.

Amprius Technologies (NYSE:AMPX – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.43 million for the quarter, compared to analyst estimates of $16.45 million. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%. As a group, research analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current year.

Insider Transactions at Amprius Technologies

In related news, CEO Kang Sun sold 1,000,000 shares of Amprius Technologies stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the transaction, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. This trade represents a 40.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 25,024 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $252,241.92. Following the completion of the transaction, the chief technology officer directly owned 821,951 shares of the company’s stock, valued at $8,285,266.08. This trade represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,093,679 shares of company stock worth $11,544,284 in the last three months. Insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Amprius Technologies by 761.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 15,220 shares of the company’s stock worth $160,000 after acquiring an additional 13,454 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Amprius Technologies in the third quarter valued at about $212,000. PharVision Advisers LLC bought a new position in Amprius Technologies in the third quarter worth about $279,000. XTX Topco Ltd lifted its position in shares of Amprius Technologies by 1,560.3% during the third quarter. XTX Topco Ltd now owns 173,005 shares of the company’s stock valued at $1,820,000 after buying an additional 162,585 shares during the last quarter. Finally, Voleon Capital Management LP purchased a new stake in shares of Amprius Technologies during the third quarter valued at about $352,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

(Get Free Report)

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.

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