Amprius Technologies, Inc. (NYSE:AMPX) Given Average Rating of "Buy" by Analysts

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been given an average rating of "Buy" by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.17.

AMPX has been the topic of several research analyst reports. Oppenheimer lifted their price objective on Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. HC Wainwright reissued a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. B. Riley reissued a "buy" rating and set a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a research report on Thursday, July 10th. Roth Mkm reissued a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Finally, William Blair raised Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday.

Amprius Technologies Stock Up 7.8%

Shares of NYSE AMPX traded up $0.63 during midday trading on Tuesday, hitting $8.69. The stock had a trading volume of 15,983,608 shares, compared to its average volume of 3,356,729. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -21.38 and a beta of 2.68. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $8.99. The company has a fifty day moving average price of $3.88 and a 200 day moving average price of $3.15.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. On average, research analysts forecast that Amprius Technologies will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 20,366 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total value of $49,489.38. Following the transaction, the chief technology officer directly owned 866,134 shares of the company's stock, valued at $2,104,705.62. This represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kang Sun sold 69,786 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $169,579.98. Following the sale, the chief executive officer directly owned 1,812,235 shares in the company, valued at approximately $4,403,731.05. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,747 shares of company stock valued at $286,125 in the last three months. Corporate insiders own 12.90% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its stake in Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after buying an additional 897,222 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Amprius Technologies in the fourth quarter worth $4,081,000. Millennium Management LLC lifted its holdings in shares of Amprius Technologies by 94.5% in the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock valued at $3,741,000 after buying an additional 678,442 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Amprius Technologies in the first quarter valued at $2,508,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Amprius Technologies by 5,740.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after buying an additional 752,000 shares during the period. 5.04% of the stock is owned by institutional investors and hedge funds.

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.