Amprius Technologies, Inc. (NYSE:AMPX) Receives $23.00 Consensus PT from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.00.

Several equities research analysts recently issued reports on the company. Clear Str started coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. JonesTrading initiated coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Stefan sold 29,681 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the completion of the sale, the chief technology officer owned 771,629 shares in the company, valued at $7,978,643.86. This represents a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 23,529 shares of Amprius Technologies stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $243,289.86. Following the sale, the chief executive officer directly owned 602,096 shares of the company’s stock, valued at $6,225,672.64. This trade represents a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 123,311 shares of company stock worth $1,272,556. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Amprius Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC increased its position in Amprius Technologies by 50.1% in the 2nd quarter. Tidal Investments LLC now owns 30,975 shares of the company’s stock worth $429,000 after purchasing an additional 10,343 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Amprius Technologies during the 2nd quarter worth about $92,000. Allworth Financial LP lifted its holdings in shares of Amprius Technologies by 1,150.6% during the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock valued at $63,000 after buying an additional 4,165 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Amprius Technologies by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock valued at $472,000 after buying an additional 1,743 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Amprius Technologies in the 2nd quarter valued at approximately $79,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Stock Up 5.0%

Shares of Amprius Technologies stock opened at $9.55 on Friday. Amprius Technologies has a 12 month low of $7.71 and a 12 month high of $24.23. The stock has a market cap of $1.35 billion, a PE ratio of -32.94 and a beta of 2.33. The business has a fifty day simple moving average of $10.34 and a 200-day simple moving average of $14.73.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.

The company’s battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.