Amprius Technologies, Inc. (NYSE:AMPX) Receives Average Rating of “Moderate Buy” from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.60.

A number of analysts have issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Thursday, April 4th. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a research report on Thursday, January 11th. Roth Mkm assumed coverage on Amprius Technologies in a research report on Thursday, January 11th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $15.00 target price on shares of Amprius Technologies in a research report on Friday, March 22nd.

Insider Transactions at Amprius Technologies

In other news, insider Jonathan Bornstein sold 150,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.43, for a total transaction of $664,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in Amprius Technologies by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock valued at $44,000 after buying an additional 2,597 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Amprius Technologies in the third quarter valued at $58,000. Pathstone Family Office LLC purchased a new position in Amprius Technologies in the third quarter valued at $60,000. FNY Investment Advisers LLC purchased a new position in Amprius Technologies in the fourth quarter valued at $84,000. Finally, Barclays PLC boosted its stake in Amprius Technologies by 2,623.0% in the third quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after acquiring an additional 28,092 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

AMPX opened at $1.74 on Friday. Amprius Technologies has a one year low of $1.56 and a one year high of $10.63. The stock has a market capitalization of $159.38 million, a PE ratio of -4.05 and a beta of 2.84. The business’s 50 day moving average price is $2.57 and its 200 day moving average price is $3.46.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, March 21st. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $3.94 million for the quarter, compared to analysts’ expectations of $2.60 million. Amprius Technologies had a negative return on equity of 56.74% and a negative net margin of 406.23%. During the same period in the prior year, the firm posted ($0.07) earnings per share. As a group, equities research analysts forecast that Amprius Technologies will post -0.42 earnings per share 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.