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

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

A number of analysts have weighed in on the company. Northland Capmk upgraded Amprius Technologies to a "strong-buy" rating in a research note on Wednesday, October 2nd. HC Wainwright reissued a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Monday, November 11th. Cantor Fitzgerald assumed coverage on Amprius Technologies in a report on Tuesday. They issued an "overweight" rating and a $10.00 price target for the company. Finally, Northland Securities raised their price objective 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.

Amprius Technologies Price Performance

Shares of Amprius Technologies stock traded up $0.26 on Tuesday, reaching $3.63. 6,067,611 shares of the company were exchanged, compared to its average volume of 4,773,731. The stock's 50 day moving average price is $2.48 and its 200-day moving average price is $1.65. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.70. The company has a market cap of $383.67 million, a P/E ratio of -8.06 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The company had revenue of $7.86 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted ($0.10) EPS. On average, research analysts predict that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Sandra Wallach sold 17,158 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now owns 696,142 shares in the company, valued at $1,364,438.32. This trade represents 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 business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,903 shares of company stock valued at $86,050. 12.80% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Amprius Technologies by 50.9% during 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 period. State Street Corp raised its holdings in Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after purchasing an additional 12,900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company's stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Amprius Technologies in the second quarter valued at $99,000. Finally, XTX Topco Ltd purchased a new position in shares of Amprius Technologies in the second quarter valued at $72,000. Hedge funds and other institutional investors own 5.04% of the company's stock.

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.