Amprius Technologies, Inc. (NYSE:AMPX) Given Average Recommendation of “Buy” by Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.00.

A number of equities analysts have weighed in on AMPX shares. B. Riley upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. Alliance Global Partners decreased their price target on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 10th. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Thursday, April 4th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $15.00 price target on shares of Amprius Technologies in a report on Friday, March 22nd.

Insider Activity at Amprius Technologies

In related news, insider Kang Sun sold 19,973 shares of Amprius Technologies stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total transaction of $26,564.09. Following the transaction, the insider now owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies stock in a transaction on Friday, June 14th. The shares were sold at an average price of $1.13, for a total transaction of $293,800.00. Following the transaction, the director now owns 1,467,142 shares in the company, valued at approximately $1,657,870.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kang Sun sold 19,973 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total transaction of $26,564.09. Following the completion of the transaction, the insider now owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 575,794 shares of company stock worth $705,406. 12.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in Amprius Technologies in the 3rd quarter worth $8,006,000. FNY Investment Advisers LLC acquired a new position in Amprius Technologies in the 4th quarter worth $84,000. B. Riley Wealth Advisors Inc. lifted its holdings in Amprius Technologies by 29.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after buying an additional 3,575 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Amprius Technologies in the 4th quarter worth $710,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Amprius Technologies by 45.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after buying an additional 2,597 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

AMPX stock opened at $1.37 on Friday. The stock has a market capitalization of $129.42 million, a P/E ratio of -3.19 and a beta of 2.72. Amprius Technologies has a one year low of $1.01 and a one year high of $8.37. The company has a 50 day moving average price of $1.41 and a two-hundred day moving average price of $2.66.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $2.34 million during the quarter, compared to analysts’ expectations of $1.70 million. Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. During the same period in the previous year, the company earned ($0.11) EPS. Research analysts forecast that Amprius Technologies will post -0.43 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.