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

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been given an average rating of "Buy" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.50.

Several equities research analysts have recently issued reports on the stock. B. Riley raised their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Oppenheimer increased their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Roth Mkm restated a "buy" rating and issued a $6.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Finally, HC Wainwright restated a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $3.79 on Friday. The stock's 50-day moving average is $2.72 and its 200-day moving average is $2.71. The company has a market cap of $446.37 million, a P/E ratio of -9.23 and a beta of 2.37. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.27.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its earnings results 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 firm had revenue of $11.28 million during the quarter, compared to the consensus estimate of $8.52 million. Amprius Technologies had a negative return on equity of 67.67% and a negative net margin of 133.34%. As a group, equities analysts predict that Amprius Technologies will post -0.45 EPS for the current year.

Insider Buying and Selling

In other news, CFO Sandra Wallach sold 27,595 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $67,055.85. Following the completion of the transaction, the chief financial officer now owns 1,033,665 shares in the company, valued at approximately $2,511,805.95. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kang Sun sold 69,786 shares of Amprius Technologies 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 now directly owns 1,812,235 shares in the company, valued at $4,403,731.05. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,747 shares of company stock valued at $286,125 over the last ninety days. 12.90% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

Large investors have recently bought and sold shares of the stock. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Amprius Technologies during the fourth quarter valued at $4,081,000. Essex Investment Management Co. LLC bought a new stake in shares of Amprius Technologies in the 1st quarter worth about $2,508,000. Invesco Ltd. increased its position in shares of 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 purchasing an additional 897,222 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after purchasing an additional 752,000 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Amprius Technologies in the fourth quarter valued at about $2,009,000. 5.04% of the stock is currently owned by 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.

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