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

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.29.

A number of equities research analysts have recently issued reports on AMPX shares. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective on the stock. Finally, Northland Securities upped their price objective on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the firm’s 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 $33,629.68. Following the sale, the chief financial officer now owns 696,142 shares in the company, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,903 shares of company stock worth $86,050. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after acquiring an additional 3,222 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after purchasing an additional 6,700 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies during the 4th quarter valued at $28,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Amprius Technologies in the 4th quarter worth $30,000. Finally, O Dell Group LLC acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at $35,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Price Performance

AMPX opened at $3.38 on Friday. The stock has a market capitalization of $357.21 million, a PE ratio of -7.50 and a beta of 2.45. The firm’s fifty day moving average price is $2.86 and its 200 day moving average price is $1.87. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.20.

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.