Amprius Technologies (NYSE:AMPX) Now Covered by Needham & Company LLC

Stock analysts at Needham & Company LLC started coverage on shares of Amprius Technologies (NYSE:AMPX) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set a “buy” rating and a $20.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 46.95% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a report on Tuesday, October 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Roth Mkm set a $14.00 target price on Amprius Technologies and gave the company a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd. Finally, Cantor Fitzgerald upped their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.57.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $13.61 on Thursday. The stock has a market capitalization of $1.78 billion, a P/E ratio of -52.35 and a beta of 3.04. Amprius Technologies has a 52-week low of $1.70 and a 52-week high of $16.03. The stock’s 50-day simple moving average is $10.23 and its 200 day simple moving average is $9.98.

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

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 492,827 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the sale, the chief technology officer owned 748,696 shares in the company, valued at $9,014,299.84. This trade represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kang Sun sold 43,185 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $11.03, for a total value of $476,330.55. Following the completion of the transaction, the director owned 1,403,651 shares of the company’s stock, valued at $15,482,270.53. The trade was a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,359,641 shares of company stock worth $36,572,335. Corporate insiders own 12.90% of the company’s stock.

Institutional Trading of Amprius Technologies

Hedge funds have recently bought and sold shares of the company. Stephens Investment Management Group LLC purchased a new position in Amprius Technologies in the 3rd quarter worth approximately $11,392,000. Bessemer Group Inc. purchased a new position in shares of Amprius Technologies in the second quarter worth $174,000. Baird Financial Group Inc. raised its holdings in Amprius Technologies by 99.9% during the 2nd quarter. Baird Financial Group Inc. now owns 1,000,711 shares of the company’s stock valued at $4,213,000 after buying an additional 500,212 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Amprius Technologies during the 3rd quarter valued at $1,799,000. Finally, Huntleigh Advisors Inc. purchased a new position in shares of Amprius Technologies in the second quarter valued at about $614,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.