Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.43 Average Price Target from Analysts

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has received a consensus recommendation of "Buy" from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $9.43.

A number of research analysts recently commented on AMPX shares. Northland Securities increased their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. B. Riley raised their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Oppenheimer upped their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. HC Wainwright reissued a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Friday, March 21st. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $6.00 target price on shares of Amprius Technologies in a report on Friday, March 21st.

Insider Activity

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 9,066 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the sale, the chief technology officer now directly owns 421,489 shares in the company, valued at approximately $1,319,260.57. The trade was a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kang Sun sold 34,353 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares of the company's stock, valued at $4,014,603.73. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock valued at $235,025 over the last quarter. Corporate insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after buying an additional 5,951 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Amprius Technologies by 55.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company's stock valued at $127,000 after purchasing an additional 16,300 shares in the last quarter. Wolverine Trading LLC acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $48,000. Two Sigma Advisers LP purchased a new position in shares of Amprius Technologies during the 4th quarter worth approximately $128,000. Finally, Two Sigma Investments LP raised its position in shares of Amprius Technologies by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock worth $1,241,000 after purchasing an additional 338,524 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Trading Down 8.1 %

Shares of AMPX stock traded down $0.21 on Friday, reaching $2.34. 2,216,856 shares of the stock were exchanged, compared to its average volume of 2,138,083. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.21. The company has a market capitalization of $275.36 million, a price-to-earnings ratio of -5.19 and a beta of 2.17. The business's 50 day moving average price is $2.69 and its 200 day moving average price is $2.31.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $10.63 million during the quarter, compared to analysts' expectations of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. Equities research analysts forecast that Amprius Technologies will post -0.45 earnings per share for the current year.

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.