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

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target 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. B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. 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 set a $10.00 target price on shares of Amprius Technologies in a research report on Monday, August 12th. Oppenheimer lowered their target price on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Roth Mkm lowered their target price on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Insider Transactions at Amprius Technologies

In related news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Kang Sun sold 33,333 shares of the stock in a transaction dated Wednesday, August 21st. The shares were 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 $1,404,783.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $0.81, for a total transaction of $202,500.00. Following the sale, the director now directly owns 1,195,000 shares in the company, valued at approximately $967,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,683 shares of company stock valued at $425,318. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. increased 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 valued at $29,000 after purchasing an additional 10,300 shares during the last quarter. XTX Topco Ltd acquired a new stake in Amprius Technologies in the 2nd quarter valued at approximately $72,000. Finally, AQR Capital Management LLC acquired a new stake in Amprius Technologies in the 2nd quarter valued at approximately $99,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

AMPX stock opened at $1.27 on Friday. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $6.02. The business’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.34. The company has a market capitalization of $137.12 million, a price-to-earnings ratio of -2.95 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last posted 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 the consensus estimate of $2.45 million. Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. During the same period in the previous year, the business posted ($0.11) EPS. Sell-side analysts forecast that Amprius Technologies will post -0.5 earnings per share for the current 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.