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

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has earned a consensus recommendation of "Buy" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.17.

AMPX has been the topic of several analyst reports. Oppenheimer increased their target price on Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Roth Mkm reissued a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. B. Riley reissued a "buy" rating and issued a $10.00 target price (up previously from $6.00) on shares of Amprius Technologies in a research note on Thursday. Finally, HC Wainwright reissued a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $6.75 on Tuesday. The stock's fifty day simple moving average is $3.56 and its 200 day simple moving average is $3.05. The firm has a market cap of $795.42 million, a price-to-earnings ratio of -16.45 and a beta of 2.68. Amprius Technologies has a one year low of $0.61 and a one year high of $6.96.

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

Insider Transactions at Amprius Technologies

In related news, CEO Kang Sun sold 69,786 shares of Amprius Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $169,579.98. Following the completion of the sale, the chief executive officer directly owned 1,812,235 shares of the company's stock, valued at approximately $4,403,731.05. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandra Wallach sold 27,595 shares of Amprius Technologies 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 $67,055.85. Following the sale, the chief financial officer directly owned 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 117,747 shares of company stock worth $286,125. 12.90% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

Several hedge funds have recently added to or reduced their stakes in AMPX. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies during the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Amprius Technologies during the 2nd quarter valued at $42,000. Bank of America Corp DE lifted its position in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock valued at $36,000 after acquiring an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Amprius Technologies during the 1st quarter valued at $40,000. Finally, Cornerstone Partners Capital Management LLC bought a new stake in shares of Amprius Technologies during the 1st quarter valued at $41,000. 5.04% of the stock is owned by institutional investors and hedge funds.

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.

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