Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.17 Consensus PT from Brokerages

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given an average recommendation of “Buy” by the eight analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.29.

Several research analysts recently commented on the stock. Northland Securities lifted their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research report on Tuesday. They issued an “overweight” rating and a $10.00 price objective for the company. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $3.36 on Tuesday. The company has a 50 day moving average price of $2.45 and a 200 day moving average price of $1.64. The stock has a market capitalization of $355.09 million, a price-to-earnings ratio of -7.46 and a beta of 2.42. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.70.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $7.86 million for the quarter, compared to analysts’ expectations of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, sell-side analysts expect that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In related news, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the sale, the chief financial officer now owns 696,142 shares in the company, valued at $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the transaction, the insider now directly owns 454,131 shares of the company’s stock, valued at $890,096.76. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,903 shares of company stock worth $86,050 over the last three months. 12.80% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Several large investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its holdings in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after acquiring an additional 10,300 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Amprius Technologies during the 4th quarter valued at approximately $30,000. XTX Topco Ltd bought a new stake in Amprius Technologies in the 2nd quarter worth approximately $72,000. Finally, AQR Capital Management LLC bought a new stake in Amprius Technologies in the second quarter worth $99,000. Institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

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.