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

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received an average recommendation of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.17.

A number of equities analysts have recently issued reports on the company. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th.

Amprius Technologies Price Performance

Shares of AMPX opened at $2.37 on Friday. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $6.02. The company has a market capitalization of $250.84 million, a P/E ratio of -5.27 and a beta of 2.92. The firm’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.37.

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

Insider Activity at Amprius Technologies

In other news, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the transaction, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. This trade represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandra Wallach sold 17,158 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 $33,629.68. Following the completion of the transaction, the chief financial officer now directly owns 696,142 shares of the company’s stock, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock worth $86,050 over the last 90 days. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently made changes to their positions in AMPX. Charles Schwab Investment Management Inc. raised its holdings in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares during the period. XTX Topco Ltd purchased a new position in shares of Amprius Technologies in the 2nd quarter worth $72,000. 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. AQR Capital Management LLC purchased a new stake in shares of Amprius Technologies during the 2nd quarter valued at about $99,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,939 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors.

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.