Analysts Set Amprius Technologies, Inc. (NYSE:AMPX) Price Target at $16.57

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.5714.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Wednesday, January 21st. Needham & Company LLC began coverage on shares of Amprius Technologies in a research report on Thursday, January 29th. They set a “buy” rating and a $20.00 price target for the company. Roth Mkm set a $14.00 price objective on Amprius Technologies and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Oppenheimer reissued an “outperform” rating and issued a $17.00 target price on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Finally, Cantor Fitzgerald raised their price target on Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th.

Amprius Technologies Stock Down 15.4%

Shares of AMPX stock opened at $12.42 on Friday. The business has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $10.15. Amprius Technologies has a 12-month low of $1.70 and a 12-month high of $16.03. The firm has a market cap of $1.62 billion, a P/E ratio of -47.77 and a beta of 2.99.

Amprius Technologies (NYSE:AMPX) last announced 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 analysts’ expectations of $16.45 million. As a group, research analysts expect that Amprius Technologies will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 492,827 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the completion of the sale, the chief technology officer directly owned 748,696 shares in the company, valued at $9,014,299.84. This represents a 39.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kang Sun sold 1,000,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the completion of the sale, the chief executive officer directly owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This trade represents a 40.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,399,331 shares of company stock worth $37,048,615. 12.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during 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 during the period. Ameritas Investment Partners Inc. boosted its holdings in Amprius Technologies by 2,043.2% in the second 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. Quarry LP purchased a new position in Amprius Technologies during the 3rd quarter valued at $42,000. Rhumbline Advisers increased its position in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after purchasing an additional 5,951 shares during the period. Finally, Legal & General Group Plc raised its holdings in Amprius Technologies by 1,385.4% in the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock worth $44,000 after purchasing an additional 9,684 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.