Analysts Set Amprius Technologies, Inc. (NYSE:AMPX) PT at $11.71

Amprius Technologies, Inc. (NYSE:AMPX) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.7143.

A number of analysts have recently commented on AMPX shares. B. Riley upped their price objective on Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday. Cantor Fitzgerald increased their price target on Amprius Technologies from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday. HC Wainwright reiterated a “buy” rating and issued a $18.00 price target (up from $10.00) on shares of Amprius Technologies in a report on Friday. William Blair upgraded Amprius Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, July 18th. Finally, Roth Capital reiterated a “buy” rating and issued a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a report on Tuesday, August 5th.

Amprius Technologies Stock Down 4.7%

AMPX stock opened at $7.69 on Friday. The company has a market cap of $906.29 million, a price-to-earnings ratio of -23.29 and a beta of 2.72. The business has a fifty day simple moving average of $5.62 and a 200-day simple moving average of $3.68. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $9.66.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $15.07 million during the quarter, compared to the consensus estimate of $12.38 million. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%. As a group, analysts expect that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Sandra Wallach sold 27,595 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $67,055.85. Following the transaction, the chief financial officer owned 1,033,665 shares of the company’s stock, valued at approximately $2,511,805.95. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 20,366 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $49,489.38. Following the transaction, the chief technology officer directly owned 866,134 shares in the company, valued at $2,104,705.62. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,747 shares of company stock worth $286,125 over the last ninety days. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in Amprius Technologies by 56.5% in the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock worth $6,957,000 after acquiring an additional 897,222 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Amprius Technologies by 167.9% in the second quarter. Geode Capital Management LLC now owns 1,593,607 shares of the company’s stock worth $6,710,000 after acquiring an additional 998,649 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new position in Amprius Technologies in the fourth quarter worth about $4,081,000. Millennium Management LLC raised its holdings in shares of Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company’s stock valued at $3,741,000 after buying an additional 678,442 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Amprius Technologies during the first quarter valued at approximately $2,508,000. 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.