Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) PT at $8.17

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given an average recommendation of “Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.17.

Several research analysts recently commented on AMPX shares. 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. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Amprius Technologies Trading Down 6.0 %

Shares of Amprius Technologies stock opened at $2.80 on Friday. The firm has a market cap of $296.35 million, a PE ratio of -6.22 and a beta of 2.92. The stock has a 50 day moving average of $1.91 and a 200 day moving average of $1.41. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $5.29.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The firm had revenue of $7.86 million during the quarter, compared to analysts’ expectations of $7.70 million. During the same quarter in the previous year, the business earned ($0.10) EPS. As a group, equities research analysts forecast that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction that occurred 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 directly owns 454,131 shares of the company’s stock, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the sale, the chief financial officer now directly owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,903 shares of company stock worth $86,050 over the last three months. 12.80% of the stock is currently owned by insiders.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently bought and sold shares of AMPX. XTX Topco Ltd purchased a new position in Amprius Technologies during the second quarter worth about $72,000. AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies during the 2nd quarter worth approximately $99,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after buying an additional 152,102 shares during the period. Finally, State Street Corp lifted its holdings in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares during the last quarter. Institutional investors and hedge funds 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.