Amprius Technologies, Inc. (NYSE:AMPX) Stock Rated “Moderate Buy” by Wall Street Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.42.

A number of analysts recently issued reports on the company. National Bank Financial set a $18.00 target price on Amprius Technologies in a research report on Tuesday, September 29th. JonesTrading assumed coverage on Amprius Technologies in a research note on Friday, July 10th. They set a “buy” rating and a $30.00 price target on the stock. Canaccord Genuity Group initiated coverage on Amprius Technologies in a research report on Wednesday. They set a “buy” rating and a $14.00 price target on the stock. HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a research note on Tuesday, September 29th. Finally, Zacks Research upgraded Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th.

Amprius Technologies Stock Performance

NYSE AMPX opened at $8.01 on Thursday. The company has a fifty day moving average of $10.02 and a two-hundred day moving average of $13.72. Amprius Technologies has a 1 year low of $7.71 and a 1 year high of $24.23.

Insider Activity

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $642,124.34. Following the transaction, the director directly owned 1,218,397 shares of the company’s stock, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $243,289.86. Following the transaction, the chief executive officer directly owned 602,096 shares in the company, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 123,311 shares of company stock valued at $1,272,556 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in AMPX. TD Waterhouse Canada Inc. raised its stake in shares of Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares during the last quarter. KBC Group NV acquired a new stake in shares of Amprius Technologies during the first quarter worth $57,000. Allworth Financial LP grew its position in Amprius Technologies by 1,150.6% in the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock valued at $63,000 after buying an additional 4,165 shares during the last quarter. Nykredit A S purchased a new position in Amprius Technologies in the 2nd quarter valued at $79,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Amprius Technologies in the 2nd quarter valued at $92,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

About Amprius Technologies

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company’s products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.