Amprius Technologies, Inc. (NYSE:AMPX) Stock Has Consensus Price Target of $21.42 According to Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.42.

AMPX has been the subject of several research reports. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Thursday, October 15th. HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Amprius Technologies in a report on Tuesday, September 29th. Canaccord Genuity Group assumed coverage on Amprius Technologies in a report on Wednesday, October 14th. They set a “buy” rating and a $14.00 target price for the company. Finally, 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 target price for the company.

Amprius Technologies Trading Down 4.5%

Shares of AMPX opened at $8.44 on Monday. Amprius Technologies has a 52 week low of $7.26 and a 52 week high of $24.23. The firm’s 50-day simple moving average is $9.19 and its 200 day simple moving average is $13.28.

Insider Buying and Selling

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of Amprius Technologies 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 completion of the sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Amprius Technologies 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 completion of the sale, the chief executive officer owned 602,096 shares of the company’s stock, valued at $6,225,672.64. This trade represents a 3.76% decrease in their position. 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. 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

Several hedge funds have recently made changes to their positions in AMPX. Sei Investments Co. grew its position in Amprius Technologies by 34.1% during the first quarter. Sei Investments Co. now owns 579,161 shares of the company’s stock worth $9,765,000 after buying an additional 147,375 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Amprius Technologies by 700.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 431,398 shares of the company’s stock worth $6,695,000 after acquiring an additional 377,485 shares during the period. First Trust Advisors LP increased its stake in Amprius Technologies by 1,105.0% during the 1st quarter. First Trust Advisors LP now owns 394,569 shares of the company’s stock worth $6,652,000 after acquiring an additional 361,825 shares during the period. Calamos Advisors LLC increased its stake in Amprius Technologies by 206.2% during the 1st quarter. Calamos Advisors LLC now owns 364,506 shares of the company’s stock worth $6,146,000 after acquiring an additional 245,473 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Amprius Technologies by 218.7% in the 1st quarter. Renaissance Technologies LLC now owns 359,525 shares of the company’s stock valued at $6,062,000 after acquiring an additional 246,700 shares in the last quarter. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using its silicon nanowire anode technology. The company’s batteries are designed to provide greater energy density and faster charging than conventional lithium-ion cells, supporting applications where weight, size and performance are important.

Its product portfolio includes lightweight pouch-format battery cells and related battery technologies for electric aviation, aerospace, defense, drones, high-altitude platforms, electric vehicles and other e-mobility applications.