Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report)’s share price fell 5.8% on Wednesday . The company traded as low as $16.41 and last traded at $16.4180. 4,851,084 shares were traded during trading, a decline of 46% from the average session volume of 8,970,550 shares. The stock had previously closed at $17.42.
Analyst Ratings Changes
Several equities research analysts recently weighed in on AMPX shares. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, March 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. B. Riley Financial upped their price objective on shares of Amprius Technologies from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Craig Hallum upped their price objective on shares of Amprius Technologies from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Clear Str began coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.67.
Get Our Latest Analysis on Amprius Technologies
Amprius Technologies Trading Down 5.8%
Amprius Technologies (NYSE:AMPX – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $28.54 million for the quarter, compared to the consensus estimate of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%.Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. On average, equities analysts predict that Amprius Technologies, Inc. will post -0.07 earnings per share for the current fiscal year.
Insider Activity at Amprius Technologies
In related news, 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 value of $55,145.52. Following the transaction, the chief technology officer directly owned 801,310 shares in the company, valued at $13,774,518.90. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $20.97, for a total transaction of $41,940.00. Following the completion of the transaction, the chief executive officer owned 625,625 shares in the company, valued at $13,119,356.25. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,471,724 shares of company stock valued at $41,282,649 over the last quarter. 5.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Amprius Technologies
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the period. Quarry LP acquired a new stake in shares of Amprius Technologies during the third quarter worth $42,000. Rhumbline Advisers grew its stake in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the period. Legal & General Group Plc grew its stake in shares of Amprius Technologies by 1,385.4% during the second quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after purchasing an additional 9,684 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Amprius Technologies during the second quarter worth $44,000. 5.04% of the stock is owned by institutional investors and hedge funds.
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.
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