Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.17 Consensus Price Target from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.29.

Several research firms have commented on AMPX. Northland Securities lifted their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th.

Amprius Technologies Stock Down 15.0 %

AMPX opened at $3.09 on Tuesday. The business’s fifty day simple moving average is $2.51 and its 200 day simple moving average is $1.68. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.70. The stock has a market cap of $327.36 million, a PE ratio of -6.87 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same period in the prior year, the company earned ($0.10) EPS. As a group, equities analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current year.

Insider Activity at Amprius Technologies

In related news, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the sale, the insider now owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the transaction, the chief financial officer now directly owns 696,142 shares in the company, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,903 shares of company stock worth $86,050 in the last 90 days. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. raised its position in shares of Amprius Technologies by 29.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Amprius Technologies in the fourth quarter worth $30,000. State Street Corp raised its holdings in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after purchasing an additional 12,900 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after buying an additional 20,939 shares during the period. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of Amprius Technologies during the 4th quarter valued at $129,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.