Amprius Technologies, Inc. (NYSE:AMPX) Receives $8.17 Average Price Target from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has been given a consensus rating of “Buy” by the nine analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.17.

AMPX has been the topic of a number of recent analyst reports. B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, August 12th. Oppenheimer decreased their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Northland Securities decreased their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th.

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $1.30 on Friday. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $6.02. The firm has a market capitalization of $140.36 million, a price-to-earnings ratio of -3.02 and a beta of 2.71. The business’s 50 day moving average price is $1.04 and its 200-day moving average price is $1.34.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. The business had revenue of $3.35 million for the quarter, compared to analysts’ expectations of $2.45 million. During the same quarter last year, the business earned ($0.11) EPS. On average, sell-side analysts expect that Amprius Technologies will post -0.5 earnings per share for the current year.

Insider Activity

In other news, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Justin E. Mirro sold 135,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the transaction, the director now owns 1,510,000 shares of the company’s stock, valued at approximately $1,510,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the sale, the chief executive officer now owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 469,683 shares of company stock valued at $425,318. 12.80% of the stock is currently owned by insiders.

Institutional Trading of Amprius Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. raised its holdings in Amprius Technologies by 29.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after buying an additional 3,575 shares during the period. XTX Topco Ltd purchased a new stake in Amprius Technologies in the 2nd quarter valued at about $72,000. Finally, AQR Capital Management LLC purchased a new stake in Amprius Technologies in the 2nd quarter valued at about $99,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

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.