Analysts Set Amprius Technologies, Inc. (NYSE:AMPX) Price Target at $9.29

Amprius Technologies, Inc. (NYSE:AMPX) has earned a consensus rating of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.29.

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

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $3.38 on Friday. The business has a 50 day simple moving average of $2.88 and a two-hundred day simple moving average of $1.89. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $4.20. The firm has a market capitalization of $357.21 million, a PE ratio of -7.50 and a beta of 2.45.

Insider Activity

In related news, CFO Sandra Wallach sold 17,158 shares of the business’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 completion of the transaction, the chief financial officer now owns 696,142 shares of the company’s stock, valued at $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of the company’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 $35,613.20. Following the sale, the insider now owns 454,131 shares of the company’s stock, valued at approximately $890,096.76. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,903 shares of company stock worth $86,050. Company insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Board of Trustees of The Leland Stanford Junior University purchased a new stake in shares of Amprius Technologies during the 4th quarter worth $4,081,000. Invesco Ltd. lifted its position in shares of Amprius Technologies by 56.5% during the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock valued at $6,957,000 after buying an additional 897,222 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Amprius Technologies by 5,740.5% during the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after buying an additional 752,000 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $2,009,000. Finally, Two Sigma Investments LP grew its position in shares of Amprius Technologies by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after buying an additional 338,524 shares during the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.