Amprius Technologies, Inc. (NYSE:AMPX) Receives $14.29 Consensus Target Price from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.2857.

Several research firms recently commented on AMPX. Roth Capital set a $14.00 target price on Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Northland Securities set a $20.00 price objective on Amprius Technologies in a report on Tuesday, October 7th. Cantor Fitzgerald boosted their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th.

Insider Activity

In other news, CTO Constantin Ionel Stefan sold 25,024 shares of Amprius Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $10.08, for a total value of $252,241.92. Following the completion of the transaction, the chief technology officer owned 821,951 shares in the company, valued at approximately $8,285,266.08. The trade was a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kang Sun sold 68,655 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $10.08, for a total value of $692,042.40. Following the completion of the transaction, the chief executive officer directly owned 1,403,651 shares in the company, valued at $14,148,802.08. The trade was a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,093,679 shares of company stock worth $11,544,284 over the last ninety days. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AMPX. Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after buying an additional 3,055 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Amprius Technologies during the 1st quarter worth about $40,000. Ameritas Investment Partners Inc. increased its position in Amprius Technologies by 2,043.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock valued at $40,000 after acquiring an additional 9,072 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Amprius Technologies in the second quarter worth about $42,000. Finally, Quarry LP bought a new position in shares of Amprius Technologies in the third quarter worth about $42,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Stock Down 5.0%

NYSE AMPX opened at $10.87 on Friday. Amprius Technologies has a twelve month low of $1.63 and a twelve month high of $16.03. The stock has a market cap of $1.42 billion, a P/E ratio of -41.79 and a beta of 2.94. The company’s 50-day simple moving average is $11.98 and its 200 day simple moving average is $8.67.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The company had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. Research analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current 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.