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

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

AMPX has been the subject of a number of analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. B. Riley upped 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 boosted their price objective on shares of Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Finally, Roth Mkm reissued a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st.

Insiders Place Their Bets

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 value of $169,579.98. Following the sale, the chief executive officer now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandra Wallach sold 27,595 shares of the business'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 $67,055.85. Following the completion of the sale, the chief financial officer now owns 1,033,665 shares in the company, valued at $2,511,805.95. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,747 shares of company stock worth $286,125. Corporate insiders own 12.90% of the company's stock.

Institutional Trading of Amprius Technologies

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

Amprius Technologies Stock Down 0.5%

Shares of AMPX traded down $0.02 during trading hours on Monday, reaching $2.82. The company's stock had a trading volume of 534,425 shares, compared to its average volume of 2,403,982. The company has a 50 day moving average of $2.52 and a two-hundred day moving average of $2.59. The firm has a market cap of $331.96 million, a price-to-earnings ratio of -6.28 and a beta of 2.23. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.21.

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 firm had revenue of $11.28 million for the quarter, compared to analyst estimates of $8.52 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. As a group, analysts forecast 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.