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

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) have received an average recommendation of "Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.43.

AMPX has been the subject of a number of recent research reports. B. Riley boosted 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. Cantor Fitzgerald started coverage on Amprius Technologies in a research report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price objective on the stock. Northland Securities lifted their target price on Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. HC Wainwright reissued a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Friday, March 21st. Finally, Roth Mkm reiterated a "buy" rating and set a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st.

Insiders Place Their Bets

In related news, insider Jonathan Bornstein sold 13,527 shares of Amprius Technologies stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $42,339.51. Following the completion of the sale, the insider now owns 419,197 shares of the company's stock, valued at $1,312,086.61. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,088 shares of company stock valued at $235,025. Insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after buying an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Amprius Technologies in the fourth quarter valued at approximately $28,000. JPMorgan Chase & Co. boosted its position in Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after purchasing an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Amprius Technologies during the fourth quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after acquiring an additional 6,700 shares during the period. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies Trading Down 3.2 %

Shares of AMPX stock opened at $2.15 on Thursday. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.21. The stock has a fifty day simple moving average of $2.40 and a two-hundred day simple moving average of $2.42. The stock has a market capitalization of $253.54 million, a price-to-earnings ratio of -4.78 and a beta of 2.17.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The company had revenue of $10.63 million for the quarter, compared to analysts' expectations of $7.12 million. Research analysts predict 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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