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

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) have earned a consensus rating of "Buy" from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.29.

AMPX has been the topic of several research analyst reports. Northland Securities upped their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Cantor Fitzgerald began coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price objective for the company.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $1.78 on Wednesday. The stock has a market capitalization of $187.86 million, a P/E ratio of -3.94 and a beta of 2.56. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.21. The stock's 50-day simple moving average is $3.07 and its 200 day simple moving average is $2.07.

Insider Activity

In related news, CFO Sandra Wallach sold 18,142 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at $2,122,140. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the transaction, the chief technology officer now directly owns 421,489 shares in the company, valued at $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is currently owned by insiders.

Institutional Trading of Amprius Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of AMPX. Rhumbline Advisers lifted its position in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after acquiring an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at $28,000. JPMorgan Chase & Co. grew its stake 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 valued at $30,000 after buying an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at $30,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock valued at $31,000 after purchasing an additional 6,700 shares during the period. 5.04% of the stock is owned by institutional investors and hedge funds.

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.

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