Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) Price Target at $11.71

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average rating of “Buy” by the nine analysts that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.7143.

Several equities research analysts have recently commented on AMPX shares. Roth Capital restated a “buy” rating and set a $10.00 price target (up previously from $6.00) on shares of Amprius Technologies in a research note on Tuesday, August 5th. HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective (up previously from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Cantor Fitzgerald increased their price objective on Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. William Blair upgraded Amprius Technologies from a “market perform” rating to an “outperform” rating in a research report on Friday, July 18th. Finally, B. Riley increased their price objective on Amprius Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 8th.

Insider Activity

In related news, CEO Kang Sun sold 65,654 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $447,760.28. Following the completion of the transaction, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at approximately $10,041,126.92. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Constantin Ionel Stefan sold 19,159 shares of Amprius Technologies stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $130,664.38. Following the completion of the sale, the chief technology officer owned 846,975 shares of the company’s stock, valued at $5,776,369.50. This trade represents a 2.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,203 shares of company stock worth $772,044 over the last 90 days. 12.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of Amprius Technologies during the 4th quarter valued at approximately $150,000. Northern Trust Corp grew its stake in Amprius Technologies by 33.6% during the 4th quarter. Northern Trust Corp now owns 208,420 shares of the company’s stock worth $584,000 after buying an additional 52,370 shares during the last quarter. Jane Street Group LLC bought a new position in Amprius Technologies during the 4th quarter worth $724,000. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies in the fourth quarter worth $28,000. Finally, Bank of America Corp DE increased its position in Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the period. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $7.10 on Wednesday. Amprius Technologies has a one year low of $0.61 and a one year high of $9.66. The company has a market cap of $887.44 million, a PE ratio of -21.50 and a beta of 2.72. The business has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $4.19.

Amprius Technologies (NYSE:AMPX) last announced 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%. On average, sell-side analysts predict that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

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.