Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) PT at $9.50

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 reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.50.

A number of equities analysts have recently weighed in on the stock. B. Riley boosted their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Roth Mkm reissued a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. HC Wainwright reissued a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. Finally, Oppenheimer boosted their price objective on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday, March 21st.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 27,595 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 transaction of $67,055.85. Following the completion of the transaction, the chief financial officer now owns 1,033,665 shares of the company's stock, valued at approximately $2,511,805.95. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kang Sun sold 69,786 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 transaction of $169,579.98. Following the transaction, the chief executive officer now directly owns 1,812,235 shares of the company's stock, valued at $4,403,731.05. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,747 shares of company stock valued at $286,125. Insiders own 12.90% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AMPX. JPMorgan Chase & Co. grew its stake in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after buying an additional 20,939 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Amprius Technologies during the fourth quarter worth approximately $30,000. Rhumbline Advisers grew its stake in Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock worth $27,000 after buying an additional 3,222 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Amprius Technologies during the fourth quarter worth approximately $328,000. Finally, Pathway Capital Management LP purchased a new stake in Amprius Technologies during the fourth quarter worth approximately $245,000. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Price Performance

Shares of NYSE AMPX traded up $0.10 on Monday, hitting $2.81. The company's stock had a trading volume of 6,898,420 shares, compared to its average volume of 2,381,420. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21. The company has a market capitalization of $331.37 million, a price-to-earnings ratio of -6.24 and a beta of 2.23. The stock has a 50 day moving average of $2.52 and a 200-day moving average of $2.58.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $11.28 million during 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%. Sell-side analysts expect 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.