Amprius Technologies, Inc. (NYSE:AMPX) Given Consensus Rating of “Buy” by Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has received a consensus rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.17.

Several equities research analysts recently commented on AMPX shares. Northland Securities dropped their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Oppenheimer decreased their price objective on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Roth Mkm cut 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 report on Friday, August 9th.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $2.14 on Monday. The company has a market cap of $226.50 million, a PE ratio of -4.76 and a beta of 2.42. The firm’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.30. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $6.02.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to analysts’ expectations of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same period in the prior year, the firm posted ($0.10) EPS. On average, analysts forecast that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other news, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the transaction, the insider now directly owns 454,131 shares of the company’s stock, valued at $890,096.76. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of the business’s stock in a transaction that occurred 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 owns 1,510,000 shares of the company’s stock, valued at approximately $1,510,000. This trade represents a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,203 shares of company stock worth $429,850. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPX. XTX Topco Ltd bought a new position in shares of Amprius Technologies in the second quarter worth approximately $72,000. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies during the 2nd quarter valued at $99,000. B. Riley Wealth Advisors Inc. boosted its holdings in 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 period. Charles Schwab Investment Management Inc. increased its stake in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after buying an additional 152,102 shares in the last quarter. Finally, State Street Corp raised its holdings in Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares during the period. Institutional investors own 5.04% of the company’s stock.

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.