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

Shares of Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) have been assigned a consensus recommendation of "Buy" from the nine analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $8.17.

A number of analysts have recently commented on AMPX shares. Northland Securities dropped their price objective on Amprius Technologies from $10.00 to $4.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. Roth Mkm decreased their target price on Amprius Technologies from $10.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Oppenheimer dropped their target price 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, HC Wainwright reiterated a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, August 12th.

Amprius Technologies Stock Up 4.4 %

Shares of AMPX stock traded up $0.06 on Thursday, reaching $1.32. 784,152 shares of the stock were exchanged, compared to its average volume of 888,379. The stock has a market cap of $146.07 million, a P/E ratio of -2.80 and a beta of 2.42. The firm has a 50 day moving average of $1.13 and a two-hundred day moving average of $1.28. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $6.02.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). The firm had revenue of $3.35 million for the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. During the same quarter in the previous year, the company earned ($0.11) earnings per share. On average, equities research analysts predict that Amprius Technologies will post -0.5 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Amprius Technologies

A number of institutional investors and hedge funds have recently modified their holdings of AMPX. XTX Topco Ltd bought a new stake in shares of Amprius Technologies during the 2nd quarter valued at about $72,000. B. Riley Wealth Advisors Inc. raised its position in shares of Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company's stock worth $29,000 after purchasing an additional 10,300 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies during the 2nd quarter worth approximately $99,000. 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.