Amprius Technologies, Inc. (NYSE:AMPX) Receives $8.17 Consensus PT from Brokerages

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.17.

AMPX has been the subject of a number of analyst reports. Northland Securities reduced their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. B. Riley raised Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, August 12th. Oppenheimer reduced their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Roth Mkm reduced their price objective on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Insiders Place Their Bets

In related news, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the sale, the director now owns 1,195,000 shares in the company, valued at $967,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the sale, the director now owns 1,195,000 shares in the company, valued at $967,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total value of $135,000.00. Following the sale, the director now owns 1,510,000 shares of the company’s stock, valued at approximately $1,510,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,683 shares of company stock valued at $425,318. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. grew its holdings in Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after purchasing an additional 3,575 shares during the period. XTX Topco Ltd bought a new stake in Amprius Technologies during the second quarter valued at about $72,000. Finally, AQR Capital Management LLC bought a new stake in Amprius Technologies during the second quarter valued at about $99,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $0.89 on Wednesday. The stock has a market capitalization of $95.98 million, a PE ratio of -2.07 and a beta of 2.71. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $6.02. The business has a 50-day moving average of $1.07 and a 200 day moving average of $1.54.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The business had revenue of $3.35 million during the quarter, compared to analysts’ expectations of $2.45 million. During the same quarter last year, the business posted ($0.11) EPS. Analysts anticipate that Amprius Technologies will post -0.49 EPS for the current year.

About Amprius Technologies

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.