Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) PT at $8.17

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) has earned an average recommendation of "Buy" from the nine brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $8.17.

AMPX has been the topic of several recent research reports. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, August 12th. B. Riley raised shares of Amprius Technologies to a "strong-buy" rating in a research report on Tuesday, June 25th. Oppenheimer decreased their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Northland Capmk raised Amprius Technologies to a "strong-buy" rating in a report on Wednesday, October 2nd. Finally, Northland Securities dropped their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX traded up $0.20 during midday trading on Friday, reaching $1.35. The company had a trading volume of 2,481,177 shares, compared to its average volume of 797,729. The company has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.36. The firm has a market cap of $149.92 million, a price-to-earnings ratio of -3.00 and a beta of 2.71. 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 posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company 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 prior year, the business posted ($0.11) earnings per share. Analysts expect that Amprius Technologies will post -0.5 EPS for the current year.

Insider Transactions at Amprius Technologies

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPX. B. Riley Wealth Advisors Inc. boosted its stake in Amprius Technologies by 84.4% in 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. XTX Topco Ltd bought a new stake in shares of Amprius Technologies in the second quarter valued at about $72,000. Finally, AQR Capital Management LLC acquired a new position in shares of Amprius Technologies during the second quarter worth about $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.