Amprius Technologies (NYSE:AMPX) Given Buy Rating at HC Wainwright

Amprius Technologies (NYSE:AMPX)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a report released on Tuesday, Marketbeat Ratings reports. They presently have a $18.00 price objective on the stock. HC Wainwright’s price objective points to a potential upside of 88.44% from the stock’s previous close.

AMPX has been the topic of several other reports. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective on the stock. Clear Str started coverage on shares of Amprius Technologies in a research report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. 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 given a Sell rating to the company. According to MarketBeat, Amprius Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $22.09.

Amprius Technologies Price Performance

AMPX opened at $9.55 on Tuesday. Amprius Technologies has a fifty-two week low of $7.71 and a fifty-two week high of $24.23. The firm has a 50 day simple moving average of $10.15 and a 200 day simple moving average of $14.24. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -33.09 and a beta of 2.33.

Insider Buying and Selling

In other Amprius Technologies news, Director Kang Sun sold 62,101 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 $642,124.34. Following the sale, the director directly owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 23,529 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $243,289.86. Following the sale, the chief executive officer owned 602,096 shares in the company, valued at $6,225,672.64. The trade was a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 123,311 shares of company stock valued at $1,272,556. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares during the last quarter. KBC Group NV bought a new position in Amprius Technologies during the 1st quarter worth approximately $57,000. Allworth Financial LP raised its holdings in Amprius Technologies by 1,150.6% during the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock worth $63,000 after purchasing an additional 4,165 shares during the last quarter. Nykredit A S bought a new position in Amprius Technologies during the 2nd quarter worth approximately $79,000. Finally, State of Wyoming raised its holdings in Amprius Technologies by 155.2% during the 1st quarter. State of Wyoming now owns 6,041 shares of the company’s stock worth $102,000 after purchasing an additional 3,674 shares during the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company’s products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.