Amprius Technologies, Inc. (NYSE:AMPX) Stock Has Average Target Price of $22.09

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.09.

AMPX has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. JonesTrading assumed coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. National Bank Financial set a $18.00 price target on shares of Amprius Technologies in a research note on Tuesday, September 29th. HC Wainwright reiterated a “buy” rating and issued a $18.00 price target on shares of Amprius Technologies in a report on Tuesday, September 29th. Finally, Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CEO Thomas M. Stepien sold 8,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $10.03, for a total value of $80,240.00. Following the completion of the sale, the chief executive officer directly owned 594,096 shares of the company’s stock, valued at approximately $5,958,782.88. This represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $642,124.34. Following the completion of the transaction, the director owned 1,218,397 shares in the company, valued at $12,598,224.98. The trade was a 4.85% decrease in their position. 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. In the last three months, insiders sold 123,311 shares of company stock valued at $1,272,556. 5.10% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Hedge funds have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its stake in Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after buying an additional 1,643 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Amprius Technologies by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock valued at $472,000 after buying an additional 1,743 shares in the last quarter. KBC Group NV purchased a new stake in Amprius Technologies in the first quarter worth approximately $57,000. Corient Private Wealth LP grew its position in Amprius Technologies by 22.3% during the second quarter. Corient Private Wealth LP now owns 19,573 shares of the company’s stock valued at $271,000 after acquiring an additional 3,574 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Amprius Technologies by 155.2% during the first quarter. State of Wyoming now owns 6,041 shares of the company’s stock worth $102,000 after acquiring an additional 3,674 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $8.89 on Thursday. The firm has a market cap of $1.26 billion, a PE ratio of -30.67 and a beta of 2.33. Amprius Technologies has a 52 week low of $7.71 and a 52 week high of $24.23. The firm’s fifty day moving average is $10.14 and its 200-day moving average is $13.85.

About Amprius Technologies

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.