Streetbeat News

AMPX

Amprius Technologies, Inc.

https://www.amprius.com

Industry

Electrical Equipment & Parts

Amprius Technologies, Inc. manufactures and distributes lithium-ion batteries. Its products include silicon nanowire anode lithium-ion batteries. The company serves the aerospace, defense, and electric vehicle industries. Amprius Technologies, Inc. was incorporated in 2008 and is headquartered in Fremont, California.

Open

1.95

Mkt cap

210M

Volume

1.4M

High

2.02

P/E Ratio

-4.40

52-wk high

6.02

Low

1.90

Div yield

N/A

52-wk low

0.61

Amprius Technologies Inc (NYSE:AMPX) shares dropped 30.5% to $1.37 after announcing a temporary deal for warrant holders to exercise their warrants at a reduced price of $1.10 each, significantly lower than the usual $11.50. This move aims to boost cash exercise of the warrants to fund the company's working capital and development plans, potentially raising about $50 million in gross proceeds. The offer expires on June 11. Over the past year, AMPX shares have fallen by 83.63%, with a 52-week high of $10.63 and a low of $1.27.

Portfolio Pulse from Henry Khederian

May 13, 2024 | 6:13 pm

Akoustis Technologies shares fell by around 18% due to weak quarterly results, missing both earnings and sales estimates. Other stocks moved significantly in Monday's mid-day session, with notable gainers including GameStop, KOSS Corp, and CareCloud, among others, while losers included Barnes & Noble Education and Seritage Growth Properties.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 5:01 pm

In Monday's intraday session, notable movements were observed in the industrials sector with SunPower, Caravelle Intl Gr, Plug Power, Hertz Global Holdings, Spirit Airlines, and Exela Technologies experiencing gains, while Amprius Technologies, 1847 Holdings, Compx Intl, Graphex Gr, NL Industries, and Pineapple Energy saw declines. The movements were attributed to various factors including Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:31 pm

Amprius Technologies, Inc. (AMPX) announced a temporary offer to exercise public and private warrants at a reduced price, leading to a decrease in its share price.