Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.29 Consensus Price Target from Analysts

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

Several research analysts recently weighed in on AMPX shares. Northland Securities increased their price objective on 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 started coverage on Amprius Technologies in a research report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price target for the company.

Insiders Place Their Bets

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the sale, the chief technology officer now owns 421,489 shares in the company, valued at approximately $1,319,260.57. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the firm'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 $107,524.89. Following the completion of the sale, the chief executive officer now owns 1,282,621 shares of the company's stock, valued at $4,014,603.73. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over 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.

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Institutional Trading of Amprius Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in AMPX. Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at about $4,081,000. Invesco Ltd. increased its holdings in Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock valued at $6,957,000 after acquiring an additional 897,222 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Amprius Technologies by 5,740.5% during the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after buying an additional 752,000 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter worth about $2,009,000. Finally, Two Sigma Investments LP grew its holdings in Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock valued at $1,241,000 after purchasing an additional 338,524 shares during the period. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Stock Performance

Shares of AMPX stock traded up $0.03 during trading hours on Wednesday, reaching $2.26. The company had a trading volume of 4,076,582 shares, compared to its average volume of 1,884,803. The stock has a fifty day moving average of $2.97 and a 200-day moving average of $2.09. The company has a market capitalization of $238.67 million, a price-to-earnings ratio of -5.01 and a beta of 2.56. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21.

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.