Amprius Technologies, Inc. (NYSE:AMPX) Receives $14.29 Consensus PT from Brokerages

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.2857.

A number of analysts have commented on AMPX shares. B. Riley upped their target price on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, August 8th. HC Wainwright reissued a “buy” rating and set a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Roth Capital set a $14.00 target price on Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Northland Securities set a $20.00 price target on Amprius Technologies in a research report on Tuesday, October 7th.

Insider Activity

In related news, CEO Kang Sun sold 1,000,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $10.60, for a total value of $10,600,000.00. Following the completion of the sale, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds have recently modified their holdings of AMPX. Bank of America Corp DE raised its position in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Amprius Technologies in the 1st quarter worth $40,000. Ameritas Investment Partners Inc. increased its stake in Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after buying an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Amprius Technologies during the second quarter valued at about $42,000. Finally, Quarry LP purchased a new position in shares of Amprius Technologies in the third quarter valued at about $42,000. 5.04% of the stock is currently owned by institutional investors.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $10.86 on Monday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -41.78 and a beta of 2.87. The stock’s 50-day simple moving average is $11.86 and its two-hundred day simple moving average is $7.62. Amprius Technologies has a 52-week low of $1.63 and a 52-week high of $16.03.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. The firm had revenue of $21.43 million during the quarter, compared to analyst estimates of $16.45 million. As a group, equities analysts forecast that Amprius Technologies will post -0.45 earnings per share for the current fiscal 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.