Analysts Set Amprius Technologies, Inc. (NYSE:AMPX) Target Price at $8.17

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

A number of equities research analysts have weighed in on the company. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, August 12th. Roth Mkm decreased their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities cut their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, Oppenheimer dropped their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.

Insiders Place Their Bets

In related news, CEO Kang Sun sold 33,333 shares of Amprius Technologies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Justin E. Mirro sold 135,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the transaction, the director now owns 1,510,000 shares in the company, valued at approximately $1,510,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the sale, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,683 shares of company stock worth $425,318 over the last three months. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. increased its holdings in shares of Amprius Technologies by 84.4% in 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. XTX Topco Ltd purchased a new stake in shares of Amprius Technologies in the 2nd quarter worth about $72,000. Finally, AQR Capital Management LLC purchased a new position in Amprius Technologies during the 2nd quarter valued at about $99,000. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Stock Up 33.1 %

Shares of NYSE AMPX opened at $1.73 on Thursday. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $6.02. The stock’s 50-day simple moving average is $1.15 and its 200-day simple moving average is $1.28.

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 company 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 in the previous year, the firm earned ($0.11) earnings per share. Research analysts forecast that Amprius Technologies will post -0.51 earnings per share for the current fiscal year.

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.