Key Points
- Director sale: Amprius Technologies Director Kang Sun sold 62,101 shares at an average price of $10.34, totaling approximately $642,124. The transaction reduced his stake by 4.85% and was made to cover tax withholding tied to vested equity awards.
- Stock performance: AMPX opened at $10.20, with a market capitalization of about $1.44 billion. The stock has traded between $6.66 and $24.23 over the past year and remains below its 50-day and 200-day moving averages.
- Analyst outlook: Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $23.00 versus the current share price near $10.20, although ratings range from Strong Buy to Sell.
Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) CEO Thomas Stepien sold 8,000 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.03, for a total value of $80,240.00. Following the completion of the sale, the chief executive officer owned 594,096 shares of the company's stock, valued at approximately $5,958,782.88. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Amprius Technologies Stock Up 3.4%
Shares of NYSE AMPX opened at $10.20 on Wednesday. The firm's 50-day simple moving average is $11.62 and its 200 day simple moving average is $14.85. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.33. Amprius Technologies, Inc. has a 12-month low of $6.66 and a 12-month high of $24.23.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in shares of Amprius Technologies by 1,124.4% in the 2nd quarter. California State Teachers Retirement System now owns 1,957,919 shares of the company's stock valued at $27,137,000 after purchasing an additional 1,798,016 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company's stock worth $29,000 after buying an additional 1,643 shares during the last quarter. Nykredit A S acquired a new position in Amprius Technologies in the second quarter valued at approximately $79,000. Headlands Technologies LLC lifted its holdings in Amprius Technologies by 49.0% in the second quarter. Headlands Technologies LLC now owns 36,716 shares of the company's stock valued at $509,000 after buying an additional 12,081 shares during the period. Finally, Wellington Management Group LLP bought a new position in Amprius Technologies in the second quarter valued at approximately $4,751,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Amprius Technologies in a research report on Friday, July 17th. JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a "buy" rating and a $30.00 price objective for the company. Zacks Research raised Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Wall Street Zen lowered Amprius Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Finally, Northland Securities set a $24.00 price objective on Amprius Technologies in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.00.
Read Our Latest Report on Amprius Technologies
About Amprius Technologies
(
Get Free Report)
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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