Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.43 Average PT from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has earned an average rating of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.43.

A number of analysts recently commented on AMPX shares. HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. B. Riley lifted their price objective on Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Cantor Fitzgerald assumed coverage on Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Northland Securities lifted their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Roth Mkm reissued a “buy” rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 34,353 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the transaction, the chief executive officer now directly owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of Amprius Technologies stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the sale, the chief technology officer now owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,088 shares of company stock valued at $235,025. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Amprius Technologies by 50.9% during the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after buying an additional 184,863 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Amprius Technologies during the fourth quarter valued at about $328,000. JPMorgan Chase & Co. increased its stake in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,939 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock worth $2,142,000 after purchasing an additional 752,000 shares during the period. Finally, Lexington Partners L.P. acquired a new position in shares of Amprius Technologies in the 4th quarter valued at about $215,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Stock Up 6.8 %

NYSE AMPX opened at $2.34 on Thursday. The stock has a market capitalization of $275.95 million, a P/E ratio of -5.20 and a beta of 2.17. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.21. The firm has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.44.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The business had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. On average, equities research analysts expect that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

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.