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

Amprius Technologies, Inc. (NYSE:AMPX) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.17.

Several research firms have recently issued reports on AMPX. Northland Securities lowered their target price on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, August 12th. Roth Mkm cut their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Oppenheimer dropped their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th.

Insiders Place Their Bets

In related news, Director Justin E. Mirro sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total value of $202,500.00. Following the completion of the transaction, the director now owns 1,195,000 shares in the company, valued at $967,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total value of $202,500.00. Following the sale, the director now owns 1,195,000 shares in the company, valued at $967,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kang Sun sold 33,333 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,683 shares of company stock valued at $425,318. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of Amprius Technologies in the 2nd quarter valued at about $72,000. B. Riley Wealth Advisors Inc. grew its holdings 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 acquiring an additional 10,300 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Amprius Technologies during the second quarter valued at approximately $99,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Amprius Technologies Trading Down 1.6 %

Shares of NYSE AMPX opened at $1.26 on Thursday. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $6.02. The firm’s 50-day moving average price is $1.13 and its 200-day moving average price is $1.28. The stock has a market capitalization of $139.92 million, a price-to-earnings ratio of -2.80 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The company had revenue of $3.35 million for the quarter, compared to the consensus estimate of $2.45 million. Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. During the same period in the prior year, the firm posted ($0.11) EPS. On average, equities analysts predict that Amprius Technologies will post -0.5 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.