Amprius Technologies, Inc. (NYSE:AMPX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Amprius Technologies “Moderate Buy”: Eight analysts recommend buying, one gives a strong-buy rating, while one rates it hold and one sell. The average 12-month price target is $23.00.
• AMPX shares opened at $9.45, down 1.1%, with the stock trading well below its 50-day and 200-day moving averages and ranging from $7.71 to $24.23 over the past year.
• Insiders sold 208,311 shares worth approximately $2.7 million over the past 90 days, while institutional ownership stands at about 5.04%. Recent insider sales were primarily made to cover tax withholding on vested equity awards.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.00.

Several brokerages have issued reports on AMPX. Zacks Research upgraded shares of Amprius Technologies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a report on Friday, July 17th. Clear Str initiated coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They set a "strong-buy" rating and a $33.00 price objective for the company. Finally, JonesTrading initiated coverage on Amprius Technologies in a research report on Friday, July 10th. They set a "buy" rating and a $30.00 price target on the stock.

Insider Buying and Selling at Amprius Technologies

In other news, 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 transaction of $642,124.34. Following the transaction, the director directly owned 1,218,397 shares of the company's stock, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 8,000 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $10.03, for a total value of $80,240.00. Following the transaction, the chief executive officer directly owned 594,096 shares in the company, valued at $5,958,782.88. This trade represents a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 208,311 shares of company stock worth $2,732,006 over the last 90 days. Company insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. Tidal Investments LLC grew its position in Amprius Technologies by 50.1% during the 2nd quarter. Tidal Investments LLC now owns 30,975 shares of the company's stock worth $429,000 after acquiring an additional 10,343 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Amprius Technologies in the second quarter valued at approximately $92,000. Allworth Financial LP lifted its position in Amprius Technologies by 1,150.6% in the second quarter. Allworth Financial LP now owns 4,527 shares of the company's stock valued at $63,000 after purchasing an additional 4,165 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Amprius Technologies by 5.4% during the second quarter. Arizona State Retirement System now owns 34,027 shares of the company's stock valued at $472,000 after purchasing an additional 1,743 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Amprius Technologies during the second quarter valued at approximately $79,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Trading Down 1.1%

Shares of AMPX opened at $9.45 on Friday. The stock has a 50-day moving average price of $10.56 and a 200-day moving average price of $14.75. The company has a market cap of $1.34 billion, a PE ratio of -32.57 and a beta of 2.33. Amprius Technologies has a 12-month low of $7.71 and a 12-month high of $24.23.

Amprius Technologies Company Profile

Amprius Technologies, Inc NYSE: AMPX develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.

The company's battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.

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