Amprius Technologies, Inc. (NYSE:AMPX) Receives $8.17 Average Target Price from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been assigned an average rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.17.

AMPX has been the subject of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, August 12th. Roth Mkm lowered their target price on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. Oppenheimer lowered their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Northland Securities lowered their target price on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th.

Amprius Technologies Stock Up 1.6 %

Shares of NYSE AMPX opened at $0.89 on Wednesday. The firm has a 50-day simple moving average of $1.07 and a 200-day simple moving average of $1.56. The stock has a market capitalization of $95.98 million, a price-to-earnings ratio of -2.07 and a beta of 2.71. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $6.02.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The business had revenue of $3.35 million during the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. During the same quarter last year, the company earned ($0.11) earnings per share. As a group, equities research analysts expect that Amprius Technologies will post -0.49 EPS for the current year.

Insider Activity

In other news, Director Justin E. Mirro sold 250,000 shares of Amprius Technologies stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total value of $202,500.00. Following the transaction, the director now directly owns 1,195,000 shares of the company’s stock, valued at approximately $967,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total value of $135,000.00. Following the transaction, the director now directly owns 1,510,000 shares in the company, valued at approximately $1,510,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Justin E. Mirro sold 250,000 shares of Amprius Technologies stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the transaction, the director now owns 1,195,000 shares in the company, valued at $967,950. The disclosure for this sale can be found here. Insiders have sold 469,683 shares of company stock valued at $425,318 in the last ninety days. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Amprius Technologies during the 2nd quarter worth $99,000. Finally, XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the 2nd quarter worth $72,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

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.