Amprius Technologies, Inc. (NYSE:AMPX) Receives Average Recommendation of "Buy" from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has been given an average rating of "Buy" by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $9.29.

AMPX has been the subject of a number of recent research reports. HC Wainwright reissued a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. 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. Finally, Northland Securities raised 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.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the transaction, the chief financial officer now owns 696,142 shares in the company, valued at approximately $1,364,438.32. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of 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 quarter. 12.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after buying an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Amprius Technologies during the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC bought a new stake in Amprius Technologies during the fourth quarter worth about $30,000. O Dell Group LLC purchased a new stake in Amprius Technologies in the fourth quarter worth about $35,000. Finally, Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock valued at $36,000 after purchasing an additional 3,055 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies Price Performance

Amprius Technologies stock traded up $0.22 during mid-day trading on Friday, hitting $3.61. The company's stock had a trading volume of 1,370,673 shares, compared to its average volume of 3,718,750. The business has a 50 day moving average price of $2.91 and a 200-day moving average price of $1.91. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $4.20. The stock has a market cap of $381.55 million, a price-to-earnings ratio of -8.08 and a beta of 2.45.

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.