Amprius Technologies, Inc. (NYSE:AMPX) Receives $8.17 Consensus Target Price from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average rating of “Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $8.17.

AMPX has been the topic of several research analyst reports. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th.

Insider Buying and Selling at Amprius Technologies

In other news, CFO Sandra Wallach sold 17,158 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the transaction, the chief financial officer now owns 696,142 shares of the company’s stock, valued at $1,364,438.32. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now owns 454,131 shares in the company, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,903 shares of company stock valued at $86,050 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after buying an additional 184,863 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Amprius Technologies during the 2nd quarter valued at about $99,000. XTX Topco Ltd bought a new position in Amprius Technologies during the 2nd quarter worth approximately $72,000. Finally, JPMorgan Chase & Co. increased its stake in Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,939 shares during the period. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $2.36 on Friday. The stock has a market cap of $249.78 million, a P/E ratio of -5.24 and a beta of 2.92. The firm has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $1.39. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same period in the previous year, the business earned ($0.10) EPS. Analysts predict that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Amprius Technologies Company Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.