Amprius Technologies, Inc. (NYSE:AMPX) Stock Has Consensus Target Price of $22.09

Key Points

• Analysts have a “Moderate Buy” consensus on Amprius Technologies, with nine buy ratings, one strong-buy, one hold and one sell. The average 12-month price target is $22.09, with individual targets ranging from $18 to $30.
• AMPX shares opened at $9.32, below their 50-day moving average of $10.17 and 200-day moving average of $14.04. The stock has traded between $7.71 and $24.23 over the past year and has a market capitalization of approximately $1.32 billion.
• Insiders sold shares primarily to cover tax obligations tied to vested equity awards, while several institutional investors increased their positions. Amprius develops silicon-nanowire lithium-ion batteries for aerospace, defense, drones, electric aviation, electric vehicles and other applications.

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $22.09.

Several brokerages have weighed in on AMPX. National Bank Financial set a $18.00 price objective on Amprius Technologies in a report on Tuesday, September 29th. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 target price on shares of Amprius Technologies in a research note on Tuesday, September 29th. JonesTrading assumed coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They set a "buy" rating and a $30.00 price target for the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Amprius Technologies in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of Amprius Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th.

Amprius Technologies Stock Down 1.5%

Shares of AMPX opened at $9.32 on Thursday. The stock's fifty day simple moving average is $10.17 and its 200-day simple moving average is $14.04. The firm has a market capitalization of $1.32 billion, a PE ratio of -32.16 and a beta of 2.33. Amprius Technologies has a 12-month low of $7.71 and a 12-month high of $24.23.

Insiders Place Their Bets

In related news, CTO Constantin Stefan sold 29,681 shares of Amprius Technologies stock in a transaction 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 completion of the sale, the chief technology officer directly owned 771,629 shares of the company's stock, valued at $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 123,311 shares of company stock valued at $1,272,556. Company insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Amprius Technologies by 34.1% in the 1st quarter. Sei Investments Co. now owns 579,161 shares of the company's stock valued at $9,765,000 after purchasing an additional 147,375 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Amprius Technologies by 700.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 431,398 shares of the company's stock worth $6,695,000 after purchasing an additional 377,485 shares during the period. SG Americas Securities LLC boosted its stake in Amprius Technologies by 65.7% in the 1st quarter. SG Americas Securities LLC now owns 423,037 shares of the company's stock worth $7,132,000 after purchasing an additional 167,785 shares during the period. First Trust Advisors LP increased its holdings in Amprius Technologies by 1,105.0% during the 1st quarter. First Trust Advisors LP now owns 394,569 shares of the company's stock worth $6,652,000 after purchasing an additional 361,825 shares in the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of Amprius Technologies by 206.2% in the 1st quarter. Calamos Advisors LLC now owns 364,506 shares of the company's stock valued at $6,146,000 after purchasing an additional 245,473 shares during the period. 5.04% of the stock is owned by institutional investors.

About Amprius Technologies

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company's products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.

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