Amprius Technologies, Inc. (NYSE:AMPX) Receives Average Recommendation of “Buy” from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $8.17.

Several analysts recently weighed in on AMPX shares. Northland Securities decreased their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Roth Mkm lowered their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 9th. B. Riley upgraded shares of Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. Oppenheimer reduced their price objective on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Monday, August 12th.

Insiders Place Their Bets

In other news, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the sale, the director now owns 1,195,000 shares in the company, valued at approximately $967,950. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Justin E. Mirro sold 250,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $0.81, for a total transaction of $202,500.00. Following the sale, the director now owns 1,195,000 shares in the company, valued at $967,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kang Sun sold 33,333 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,683 shares of company stock valued at $425,318. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in shares of Amprius Technologies in the 2nd quarter valued at $99,000. XTX Topco Ltd acquired a new position in shares of Amprius Technologies in the second quarter valued at about $72,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $0.87 on Wednesday. The company has a market capitalization of $93.79 million, a P/E ratio of -2.02 and a beta of 2.71. The company’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $1.58. Amprius Technologies has a one year low of $0.61 and a one year high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. During the same period last year, the company earned ($0.11) EPS. On average, research analysts expect that Amprius Technologies will post -0.49 EPS for the current fiscal year.

About Amprius Technologies

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.