Amprius Technologies, Inc. (NYSE:AMPX) Given Average Recommendation of “Buy” by Brokerages

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

AMPX has been the subject of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Thursday, April 4th. Alliance Global Partners decreased their target price on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. B. Riley upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, Oppenheimer reissued an “outperform” rating and set a $15.00 price target on shares of Amprius Technologies in a research report on Friday, March 22nd.

Insider Activity

In other news, Director Justin E. Mirro sold 280,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1.30, for a total transaction of $364,000.00. Following the completion of the transaction, the director now directly owns 1,715,000 shares of the company’s stock, valued at $2,229,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Justin E. Mirro sold 280,000 shares of Amprius Technologies stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total value of $364,000.00. Following the completion of the sale, the director now owns 1,715,000 shares of the company’s stock, valued at $2,229,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kang Sun sold 19,973 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total value of $26,564.09. Following the sale, the insider now owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The disclosure for this sale can be found here. Insiders have sold a total of 575,794 shares of company stock valued at $705,406 in the last 90 days. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AMPX. Tower Research Capital LLC TRC raised its stake in Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Amprius Technologies by 29.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after purchasing an additional 3,575 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Amprius Technologies during the 4th quarter valued at $710,000. FNY Investment Advisers LLC purchased a new position in shares of Amprius Technologies during the 4th quarter valued at $84,000. Finally, Invesco Ltd. bought a new position in Amprius Technologies in the 3rd quarter worth $8,006,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $1.25 on Friday. The company has a 50 day simple moving average of $1.47 and a two-hundred day simple moving average of $2.74. Amprius Technologies has a fifty-two week low of $1.01 and a fifty-two week high of $8.37. The company has a market capitalization of $118.09 million, a price-to-earnings ratio of -2.91 and a beta of 2.72.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The company had revenue of $2.34 million during the quarter, compared to analyst estimates of $1.70 million. During the same quarter last year, the company earned ($0.11) EPS. On average, analysts forecast that Amprius Technologies will post -0.43 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.