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

Key Points

• Amprius Technologies, Inc. has received a consensus rating of "Moderate Buy" from nine brokerages, with eight analysts recommending buying the stock and one issuing a sell recommendation.
• The average price target for Amprius Technologies among analysts is $13.71, with various firms setting target prices ranging from $11.00 to $20.00.
• Insider selling activity has been noted, including CFO Sandra Wallach and CTO Constantin Ionel Stefan, who sold shares at an average price of $6.82, indicating a slight decrease in their ownership stakes.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.7143.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Amprius Technologies in a research note on Wednesday, October 8th. HC Wainwright reaffirmed a "buy" rating and set a $18.00 target price (up previously from $10.00) on shares of Amprius Technologies in a research note on Friday, August 8th. B. Riley boosted their target price on Amprius Technologies from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Northland Securities set a $20.00 target price on Amprius Technologies in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald raised their target price on Amprius Technologies from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 28,390 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total transaction of $193,619.80. Following the completion of the transaction, the chief financial officer directly owned 1,005,275 shares of the company's stock, valued at approximately $6,855,975.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 19,159 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the sale, the chief technology officer owned 846,975 shares in the company, valued at $5,776,369.50. The trade was a 2.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,203 shares of company stock valued at $772,044. 12.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. Bank of America Corp DE grew its position in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after purchasing an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Amprius Technologies in the 1st quarter valued at approximately $40,000. Ameritas Investment Partners Inc. grew its position in shares of Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company's stock valued at $40,000 after buying an additional 9,072 shares during the last quarter. Rhumbline Advisers boosted its stake in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after purchasing an additional 5,951 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Amprius Technologies in the 2nd quarter worth $42,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies Price Performance

NYSE:AMPX opened at $11.39 on Thursday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -34.50 and a beta of 2.85. Amprius Technologies has a 1-year low of $1.18 and a 1-year high of $16.03. The company's fifty day moving average price is $9.86 and its 200-day moving average price is $6.18.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 55.79%. The firm had revenue of $15.07 million for the quarter, compared to the consensus estimate of $12.38 million. Equities analysts anticipate that Amprius Technologies will post -0.45 EPS 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.

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