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

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.17.

A number of research analysts recently weighed in on AMPX shares. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $2.37 on Friday. The stock has a market cap of $250.84 million, a price-to-earnings ratio of -5.27 and a beta of 2.92. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $6.02. The firm’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.37.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The company had revenue of $7.86 million for the quarter, compared to analysts’ expectations of $7.70 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. On average, sell-side analysts predict that Amprius Technologies will post -0.44 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the transaction, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the sale, the chief financial officer now directly owns 696,142 shares in the company, valued at $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,903 shares of company stock valued at $86,050 over the last ninety days. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its position in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after buying an additional 10,300 shares during the period. JPMorgan Chase & Co. grew its stake in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,939 shares in the last quarter. XTX Topco Ltd bought a new stake in Amprius Technologies during the 2nd quarter worth approximately $72,000. AQR Capital Management LLC purchased a new stake in Amprius Technologies in the 2nd quarter worth approximately $99,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares during the period. Institutional investors own 5.04% of the company’s stock.

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.