Amprius Technologies (NYSE:AMPX) Stock Price Down 3.5% – Should You Sell?

Shares of Amprius Technologies, Inc. (NYSE:AMPX) traded down 3.5% during trading on Friday . The company traded as low as $10.63 and last traded at $11.3040. 6,412,993 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 6,184,159 shares. The stock had previously closed at $11.72.

Analyst Ratings Changes

AMPX has been the subject of several recent analyst reports. B. Riley raised their target price on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and set a $18.00 target price (up from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Northland Securities set a $20.00 price target on Amprius Technologies in a research note on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Amprius Technologies Stock Performance

The company has a market cap of $1.41 billion, a price-to-earnings ratio of -43.48 and a beta of 2.87. The company has a fifty day moving average of $11.59 and a two-hundred day moving average of $7.34.

Amprius Technologies (NYSE:AMPX) last posted its 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. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The firm had revenue of $21.43 million during the quarter, compared to the consensus estimate of $16.45 million. Equities analysts expect that Amprius Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 19,159 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $130,664.38. Following the sale, the chief technology officer directly owned 846,975 shares of the company’s stock, valued at $5,776,369.50. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandra Wallach sold 28,390 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $193,619.80. Following the transaction, the chief financial officer directly owned 1,005,275 shares of the company’s stock, valued at approximately $6,855,975.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,203 shares of company stock worth $772,044 in the last ninety days. Company insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its stake in shares of Amprius Technologies by 353.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after acquiring an additional 3,532 shares in the last quarter. Parallel Advisors LLC acquired a new stake in Amprius Technologies in the third quarter worth $54,000. Geneos Wealth Management Inc. bought a new stake in Amprius Technologies in the third quarter valued at $74,000. Ameritas Investment Partners Inc. increased its stake in Amprius Technologies by 2,043.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after purchasing an additional 9,072 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Amprius Technologies during the second quarter valued at about $42,000. 5.04% of the stock is owned by institutional investors and hedge funds.

About Amprius Technologies

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.