Amprius Technologies, Inc. (NYSE:AMPX) Receives $11.71 Average PT from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.7143.

Several research analysts recently commented on the company. Cantor Fitzgerald boosted their price target on Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Roth Capital restated a “buy” rating and set a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. B. Riley upped their price objective on Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, August 8th. HC Wainwright restated a “buy” rating and set a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Saturday, September 27th.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $12.75 on Friday. Amprius Technologies has a one year low of $1.11 and a one year high of $13.20. The business’s 50-day simple moving average is $8.51 and its 200 day simple moving average is $5.30. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -38.63 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%.The business had revenue of $15.07 million for the quarter, compared to analysts’ expectations of $12.38 million. On average, equities research analysts predict that Amprius Technologies will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 19,159 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $130,664.38. Following the sale, the chief technology officer owned 846,975 shares in the company, valued at $5,776,369.50. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kang Sun sold 65,654 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $447,760.28. Following the sale, the chief executive officer owned 1,472,306 shares in the company, valued at $10,041,126.92. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,203 shares of company stock worth $772,044 over the last quarter. 12.90% of the stock is owned by corporate insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in AMPX. Bank of America Corp DE raised its position in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Amprius Technologies during the 1st quarter worth approximately $40,000. Ameritas Investment Partners Inc. raised its position in shares of Amprius Technologies by 2,043.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after purchasing an additional 9,072 shares during the period. Cornerstone Partners Capital Management LLC acquired a new stake in shares of Amprius Technologies during the 1st quarter worth approximately $41,000. Finally, Rhumbline Advisers raised its position in shares of Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock worth $42,000 after purchasing an additional 5,951 shares during the period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.