Amprius Technologies (NYSE:AMPX) Shares Down 2.6% – Here’s What Happened

Amprius Technologies, Inc. (NYSE:AMPX) shares were down 2.6% during mid-day trading on Wednesday . The stock traded as low as $14.25 and last traded at $15.08. Approximately 14,469,086 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 8,897,445 shares. The stock had previously closed at $15.48.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMPX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Amprius Technologies in a report on Tuesday, March 10th. Cantor Fitzgerald lifted their price objective on Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, March 6th. William Blair reaffirmed an “outperform” rating on shares of Amprius Technologies in a report on Friday, March 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Monday, April 20th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Amprius Technologies has an average rating of “Moderate Buy” and an average target price of $20.25.

Amprius Technologies Stock Performance

The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -50.26 and a beta of 2.20. The company has a fifty day simple moving average of $18.26 and a two-hundred day simple moving average of $13.52.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $28.54 million during the quarter, compared to analyst estimates of $25.72 million. Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. Amprius Technologies has set its FY 2026 guidance at –0.060 EPS. As a group, equities analysts anticipate that Amprius Technologies, Inc. will post -0.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Wen Hsuan Hsieh sold 413,146 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $18.44, for a total transaction of $7,618,412.24. Following the completion of the transaction, the director owned 44,444 shares of the company’s stock, valued at approximately $819,547.36. The trade was a 90.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kang Sun sold 1,500,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $15.91, for a total value of $23,865,000.00. Following the transaction, the director directly owned 1,342,400 shares of the company’s stock, valued at $21,357,584. This trade represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,539,829 shares of company stock worth $42,323,376 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Amprius Technologies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company’s stock worth $56,245,000 after buying an additional 616,037 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Amprius Technologies by 10.5% during the 4th quarter. Geode Capital Management LLC now owns 2,678,417 shares of the company’s stock worth $21,137,000 after buying an additional 253,529 shares in the last quarter. State Street Corp raised its holdings in shares of Amprius Technologies by 16.6% during the 4th quarter. State Street Corp now owns 2,553,710 shares of the company’s stock worth $20,149,000 after buying an additional 363,928 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Amprius Technologies by 113.3% during the 3rd quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock worth $25,031,000 after buying an additional 1,263,846 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Amprius Technologies by 23.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,194,841 shares of the company’s stock worth $17,317,000 after buying an additional 410,724 shares in the last quarter. Institutional investors and hedge funds 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.