Amprius Technologies, Inc. (AMPX) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Thirteen firms collectively rate Amprius Technologies a “Moderate Buy,” with ten buys, one strong buy, one hold and one sell. The average 12-month price target is $21.42, well above the stock’s $8.58 opening price.
• Insiders have recently sold shares: Company insiders sold 123,311 shares worth approximately $1.27 million over the past 90 days, primarily to cover tax obligations tied to vested equity awards. Insiders retain a 5.10% ownership stake.
• The stock has declined significantly: Amprius trades below both its 50-day and 200-day moving averages and is closer to its 52-week low of $7.26 than its high of $24.23. Institutional and hedge-fund investors own about 5.04% of the company.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.42.

A number of research firms have issued reports on AMPX. Canaccord Genuity Group began coverage on shares of Amprius Technologies in a research report on Wednesday, October 14th. They issued a "buy" rating and a $14.00 target price for the company. Zacks Research upgraded Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 price target on shares of Amprius Technologies in a report on Tuesday, September 29th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research note on Thursday, October 15th. Finally, National Bank Financial set a $18.00 target price on shares of Amprius Technologies in a research report on Tuesday, September 29th.

Insider Transactions at Amprius Technologies

In related news, CTO Constantin Stefan sold 29,681 shares of Amprius Technologies stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $306,901.54. Following the transaction, the chief technology officer owned 771,629 shares in the company, valued at approximately $7,978,643.86. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $642,124.34. Following the completion of the transaction, the director owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 123,311 shares of company stock worth $1,272,556 over the last ninety days. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AMPX. TD Waterhouse Canada Inc. increased its holdings in shares of Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company's stock worth $29,000 after buying an additional 1,643 shares during the last quarter. Sterling Capital Management LLC boosted its position in Amprius Technologies by 847.2% during the 3rd quarter. Sterling Capital Management LLC now owns 4,575 shares of the company's stock worth $44,000 after acquiring an additional 4,092 shares during the period. KBC Group NV bought a new stake in Amprius Technologies during the first quarter worth about $57,000. Allworth Financial LP increased its holdings in Amprius Technologies by 1,150.6% during the second quarter. Allworth Financial LP now owns 4,527 shares of the company's stock worth $63,000 after buying an additional 4,165 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Amprius Technologies during the 2nd quarter valued at approximately $79,000. Hedge funds and other institutional investors own 5.04% of the company's stock.

Amprius Technologies Stock Performance

Amprius Technologies stock opened at $8.58 on Monday. The business's 50-day simple moving average is $9.29 and its two-hundred day simple moving average is $13.30. The company has a market cap of $1.22 billion, a PE ratio of -29.59 and a beta of 2.37. Amprius Technologies has a fifty-two week low of $7.26 and a fifty-two week high of $24.23.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using its silicon nanowire anode technology. The company's batteries are designed to provide greater energy density and faster charging than conventional lithium-ion cells, supporting applications where weight, size and performance are important.

Its product portfolio includes lightweight pouch-format battery cells and related battery technologies for electric aviation, aerospace, defense, drones, high-altitude platforms, electric vehicles and other e-mobility applications.

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