Analysts Set Amprius Technologies, Inc. (NYSE:AMPX) Target Price at $9.17

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

A number of brokerages have recently issued reports on AMPX. Northland Capmk upgraded Amprius Technologies to a "strong-buy" rating in a report on Wednesday, October 2nd. Northland Securities boosted their price target on Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Cantor Fitzgerald assumed coverage on Amprius Technologies in a report on Tuesday. They set an "overweight" rating and a $10.00 target price for the company.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the transaction, the chief financial officer now directly owns 696,142 shares in the company, valued at $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Bornstein sold 18,170 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the sale, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,903 shares of company stock valued at $86,050. 12.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently modified their holdings of AMPX. Hamilton Lane Advisors LLC acquired a new position in Amprius Technologies during the 4th quarter worth approximately $129,000. JPMorgan Chase & Co. grew its stake in shares of Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after buying an additional 20,939 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after buying an additional 6,700 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company's stock valued at $608,000 after acquiring an additional 184,863 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company's stock valued at $318,000 after acquiring an additional 12,900 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company's stock.

Amprius Technologies Stock Performance

AMPX traded down $0.10 during trading hours on Tuesday, reaching $3.27. The company's stock had a trading volume of 4,363,693 shares, compared to its average volume of 4,803,776. The company's 50-day moving average is $2.42 and its 200-day moving average is $1.62. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.70. The firm has a market cap of $345.57 million, a PE ratio of -7.26 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same period in the prior year, the firm earned ($0.10) earnings per share. Equities analysts anticipate that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

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.