Amprius Technologies, Inc. (NYSE:AMPX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts collectively rate Amprius Technologies “Moderate Buy.” Of 11 analysts, eight recommend buying, one strongly recommends buying, one rates it a hold and one recommends selling; the average 12-month price target is $23.
• Recent coverage has included a $30 price target from JonesTrading and a $24 target from Northland Securities, while ratings have also ranged from “strong sell” to “buy,” indicating mixed views despite the overall positive consensus.
• Insiders sold 310,144 shares worth about $5.05 million over the last quarter. Institutional investors own 5.04% of the company, while AMPX recently traded at $10.70, below its 50-day and 200-day moving averages.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $23.00.

AMPX has been the topic of a number of recent analyst reports. Roth Capital reissued a "buy" rating on shares of Amprius Technologies in a report on Friday, May 8th. Wall Street Zen cut shares of Amprius Technologies from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a research report on Monday, May 11th. JonesTrading started coverage on shares of Amprius Technologies in a research note on Friday, July 10th. They set a "buy" rating and a $30.00 target price on the stock. Finally, Zacks Research upgraded Amprius Technologies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th.

Insiders Place Their Bets

In other news, CTO Constantin Ionel Stefan sold 28,812 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.79, for a total value of $426,129.48. Following the completion of the sale, the chief technology officer directly owned 804,518 shares in the company, valued at $11,898,821.22. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald R. Dixon sold 85,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.17, for a total value of $1,459,450.00. Following the transaction, the director directly owned 359,380 shares of the company's stock, valued at approximately $6,170,554.60. The trade was a 19.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 310,144 shares of company stock worth $5,049,997. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV acquired a new position in Amprius Technologies during the first quarter worth $57,000. Quarry LP acquired a new stake in shares of Amprius Technologies in the third quarter valued at about $42,000. Parallel Advisors LLC acquired a new stake in shares of Amprius Technologies in the third quarter valued at about $54,000. Leonteq Securities AG purchased a new stake in shares of Amprius Technologies during the fourth quarter worth about $47,000. Finally, State of Wyoming increased its stake in shares of Amprius Technologies by 155.2% during the first quarter. State of Wyoming now owns 6,041 shares of the company's stock worth $102,000 after purchasing an additional 3,674 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $10.70 on Wednesday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -36.89 and a beta of 2.34. Amprius Technologies has a 12 month low of $6.36 and a 12 month high of $24.23. The firm's 50 day simple moving average is $12.23 and its 200-day simple moving average is $14.96.

About Amprius Technologies

Amprius Technologies, Inc NYSE: AMPX is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

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