Amprius Technologies, Inc. (NYSE:AMPX) Stock Has Average Price Target of $21.42

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $21.42.

Several research firms recently commented on AMPX. HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. National Bank Financial set a $18.00 target price on Amprius Technologies in a research report on Tuesday, September 29th. William Blair restated an “outperform” rating on shares of Amprius Technologies in a research report on Friday. UBS Group reissued an “outperform” rating on shares of Amprius Technologies in a research report on Friday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Thursday, October 15th.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $8.74 on Monday. The company has a 50 day simple moving average of $9.10 and a two-hundred day simple moving average of $13.25. Amprius Technologies has a fifty-two week low of $7.02 and a fifty-two week high of $24.23. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -30.12 and a beta of 2.36.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Stefan sold 29,681 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the sale, the chief technology officer owned 771,629 shares in the company, valued at $7,978,643.86. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 23,529 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $243,289.86. Following the completion of the sale, the chief executive officer owned 602,096 shares in the company, valued at $6,225,672.64. This represents a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 123,311 shares of company stock valued at $1,272,556. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its position in Amprius Technologies by 34.1% during the first quarter. Sei Investments Co. now owns 579,161 shares of the company’s stock valued at $9,765,000 after acquiring an additional 147,375 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Amprius Technologies by 700.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 431,398 shares of the company’s stock worth $6,695,000 after purchasing an additional 377,485 shares during the last quarter. First Trust Advisors LP boosted its position in Amprius Technologies by 1,105.0% in the 1st quarter. First Trust Advisors LP now owns 394,569 shares of the company’s stock valued at $6,652,000 after buying an additional 361,825 shares during the period. Calamos Advisors LLC grew its stake in Amprius Technologies by 206.2% in the 1st quarter. Calamos Advisors LLC now owns 364,506 shares of the company’s stock worth $6,146,000 after acquiring an additional 245,473 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Amprius Technologies by 218.7% in the first quarter. Renaissance Technologies LLC now owns 359,525 shares of the company’s stock worth $6,062,000 after purchasing an additional 246,700 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using its silicon nanowire anode technology. The company’s batteries are designed to provide greater energy density and faster charging than conventional lithium-ion cells, supporting applications where weight, size and performance are important.

Its product portfolio includes lightweight pouch-format battery cells and related battery technologies for electric aviation, aerospace, defense, drones, high-altitude platforms, electric vehicles and other e-mobility applications.