Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.29 Consensus Target Price from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.29.

Several research firms have recently commented on AMPX. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Securities raised their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $3.38 on Friday. The stock has a market cap of $357.21 million, a P/E ratio of -7.50 and a beta of 2.45. The stock’s fifty day moving average is $2.88 and its 200 day moving average is $1.89. Amprius Technologies has a one year low of $0.61 and a one year high of $4.20.

Insider Buying and Selling

In related news, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were 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 of the company’s stock, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandra Wallach sold 17,158 shares of the business’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 $33,629.68. Following the completion of the sale, the chief financial officer now owns 696,142 shares in the company, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,903 shares of company stock valued at $86,050. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMPX. Geode Capital Management LLC increased its holdings in shares of Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after buying an additional 184,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Amprius Technologies by 124.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after acquiring an additional 152,102 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,939 shares during the last quarter. State Street Corp raised its position 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 purchasing an additional 12,900 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Amprius Technologies during the second quarter valued at approximately $99,000. 5.04% of the stock is owned by 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.