Amprius Technologies, Inc. (NYSE:AMPX) Receives $10.17 Average PT from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $10.17.

AMPX has been the subject of several recent analyst reports. William Blair upgraded shares of Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday. B. Riley reiterated a “buy” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research note on Thursday, July 10th.

Insiders Place Their Bets

In other news, CEO Kang Sun sold 69,786 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $169,579.98. Following the sale, the chief executive officer owned 1,812,235 shares in the company, valued at approximately $4,403,731.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandra Wallach sold 27,595 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $67,055.85. Following the completion of the sale, the chief financial officer owned 1,033,665 shares in the company, valued at $2,511,805.95. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,747 shares of company stock worth $286,125 over the last 90 days. Corporate insiders own 12.90% of the company’s stock.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in Amprius Technologies during the 4th quarter worth approximately $43,000. American Century Companies Inc. bought a new stake in Amprius Technologies in the 4th quarter valued at $68,000. AXQ Capital LP bought a new stake in Amprius Technologies in the 4th quarter valued at $44,000. Lexington Partners L.P. bought a new stake in Amprius Technologies in the 4th quarter valued at $215,000. Finally, Diametric Capital LP bought a new stake in Amprius Technologies in the 4th quarter valued at $68,000. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $8.69 on Tuesday. The firm’s 50 day moving average price is $4.00 and its 200-day moving average price is $3.19. Amprius Technologies has a one year low of $0.61 and a one year high of $9.00. The firm has a market cap of $1.02 billion, a P/E ratio of -21.20 and a beta of 2.68.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. Amprius Technologies had a negative net margin of 133.34% and a negative return on equity of 67.67%. As a group, research analysts predict that Amprius Technologies will post -0.45 EPS 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.