Amprius Technologies (NYSE:AMPX) Shares Gap Down – What’s Next?

Amprius Technologies, Inc. (NYSE:AMPX)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $11.58, but opened at $10.85. Amprius Technologies shares last traded at $10.9860, with a volume of 985,085 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Wall Street Zen downgraded Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a research note on Monday, May 11th. Finally, Clear Str initiated coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Amprius Technologies Stock Down 1.0%

The company has a 50-day moving average price of $12.12 and a 200-day moving average price of $14.94. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -36.57 and a beta of 2.33.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Donald R. Dixon sold 85,000 shares of Amprius Technologies stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.17, for a total value of $1,459,450.00. Following the transaction, the director directly owned 359,380 shares of the company’s stock, valued at $6,170,554.60. The trade was a 19.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 3,208 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $17.19, for a total value of $55,145.52. Following the transaction, the chief technology officer owned 801,310 shares of the company’s stock, valued at approximately $13,774,518.90. This trade represents a 0.40% 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 a total of 152,834 shares of company stock worth $2,723,382 in the last 90 days. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in Amprius Technologies during the 2nd quarter valued at $4,751,000. FNY Investment Advisers LLC grew its position in Amprius Technologies by 89.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 39,302 shares of the company’s stock worth $544,000 after purchasing an additional 18,545 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Amprius Technologies by 35.2% during the 1st quarter. Janus Henderson Group PLC now owns 52,803 shares of the company’s stock worth $889,000 after purchasing an additional 13,750 shares during the period. Amundi increased its holdings in shares of Amprius Technologies by 17.3% during the 1st quarter. Amundi now owns 164,589 shares of the company’s stock worth $2,775,000 after purchasing an additional 24,283 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Amprius Technologies by 48.2% during the first quarter. California State Teachers Retirement System now owns 159,903 shares of the company’s stock valued at $2,696,000 after buying an additional 51,973 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.