Amprius Technologies, Inc. (NYSE:AMPX) Receives $16.63 Average Target Price from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.6250.

A number of equities research analysts recently weighed in on AMPX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Craig Hallum initiated coverage on shares of Amprius Technologies in a research report on Monday. They set a “buy” rating and a $17.00 target price for the company. Oppenheimer restated an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a research report on Tuesday, December 23rd. Needham & Company LLC began coverage on Amprius Technologies in a research note on Thursday, January 29th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Cantor Fitzgerald increased their target price on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 25,366 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total value of $257,718.56. Following the sale, the chief technology officer directly owned 723,330 shares in the company, valued at approximately $7,349,032.80. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kang Sun sold 61,251 shares of Amprius Technologies stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.16, for a total transaction of $622,310.16. Following the transaction, the director directly owned 1,342,400 shares in the company, valued at approximately $13,638,784. This represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,392,269 shares of company stock worth $26,384,359 over the last quarter. 12.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Amprius Technologies during the third quarter worth $42,000. Jones Financial Companies Lllp increased its holdings in Amprius Technologies by 353.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock worth $50,000 after purchasing an additional 3,532 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Amprius Technologies in the 3rd quarter valued at about $54,000. Leonteq Securities AG bought a new stake in shares of Amprius Technologies in the fourth quarter valued at about $47,000. Finally, Summit Securities Group LLC bought a new stake in shares of Amprius Technologies in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Trading Down 6.7%

Shares of NYSE:AMPX opened at $10.75 on Wednesday. Amprius Technologies has a 1-year low of $1.70 and a 1-year high of $16.03. The stock has a market capitalization of $1.40 billion, a P/E ratio of -41.33 and a beta of 2.99. The business has a 50-day moving average price of $10.40 and a two-hundred day moving average price of $10.48.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.