Amprius Technologies, Inc. (NYSE:AMPX) Receives Consensus Rating of “Buy” from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned an average recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.17.

Several brokerages have issued reports on AMPX. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Northland Securities boosted their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th.

Amprius Technologies Stock Down 5.0 %

Shares of AMPX stock opened at $3.35 on Tuesday. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.90. The firm has a 50 day moving average of $2.40 and a 200-day moving average of $1.60. The company has a market cap of $354.99 million, a price-to-earnings ratio of -7.45 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same period in the previous year, the firm posted ($0.10) earnings per share. Analysts anticipate that Amprius Technologies will post -0.44 earnings per share for the current year.

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now directly owns 696,142 shares of the company’s stock, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan Bornstein sold 18,170 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 value of $35,613.20. Following the completion of the sale, the insider now owns 454,131 shares in the company, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,903 shares of company stock valued at $86,050 in the last 90 days. 12.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Several large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in Amprius Technologies by 84.4% during 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 period. JPMorgan Chase & Co. lifted its stake in shares of Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after buying an additional 20,939 shares in the last quarter. XTX Topco Ltd bought a new position in Amprius Technologies in the 2nd quarter worth approximately $72,000. AQR Capital Management LLC purchased a new position in Amprius Technologies in the 2nd quarter valued at approximately $99,000. Finally, Hamilton Lane Advisors LLC bought a new stake in Amprius Technologies during the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.