Amprius Technologies’ (AMPX) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a research note published on Tuesday, Marketbeat.com reports. HC Wainwright currently has a $18.00 price objective on the stock.

A number of other equities analysts have also weighed in on AMPX. JonesTrading started coverage on shares of Amprius Technologies in a research note on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Clear Str started coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. Finally, Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.09.

Amprius Technologies Trading Down 0.8%

NYSE:AMPX opened at $9.61 on Tuesday. Amprius Technologies has a 1 year low of $7.71 and a 1 year high of $24.23. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -33.12 and a beta of 2.33. The stock has a 50-day moving average price of $10.14 and a two-hundred day moving average price of $14.31.

Insider Transactions at Amprius Technologies

In related news, Director Kang Sun sold 62,101 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the transaction, the director owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. This represents a 4.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Stefan sold 29,681 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $306,901.54. Following the completion of the transaction, the chief technology officer directly owned 771,629 shares in the company, valued at approximately $7,978,643.86. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 123,311 shares of company stock worth $1,272,556. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of Amprius Technologies during the second quarter worth approximately $4,751,000. Mangrove Partners IM LLC bought a new stake in Amprius Technologies in the 4th quarter valued at $920,000. Calamos Advisors LLC boosted its stake in Amprius Technologies by 206.2% in the 1st quarter. Calamos Advisors LLC now owns 364,506 shares of the company’s stock valued at $6,146,000 after purchasing an additional 245,473 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Amprius Technologies in the 1st quarter valued at $2,769,000. Finally, SG Americas Securities LLC grew its holdings in Amprius Technologies by 65.7% in the 1st quarter. SG Americas Securities LLC now owns 423,037 shares of the company’s stock valued at $7,132,000 after buying an additional 167,785 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.

The company’s battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.