Amprius Technologies, Inc. (NYSE:AMPX) Receives Consensus Recommendation of “Buy” from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.29.

AMPX has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective on the stock. Northland Securities lifted their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th.

Insider Activity

In related news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at $2,122,140. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the sale, the chief technology officer now owns 421,489 shares in the company, valued at $1,319,260.57. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,088 shares of company stock valued at $235,025. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after purchasing an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $28,000. JPMorgan Chase & Co. boosted its position in shares of Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,939 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Amprius Technologies in the fourth quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors.

Amprius Technologies Trading Up 13.7 %

Shares of NYSE AMPX opened at $2.04 on Wednesday. The stock has a market cap of $215.38 million, a price-to-earnings ratio of -4.52 and a beta of 2.56. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.21. The stock’s 50-day moving average is $3.00 and its 200 day moving average is $2.08.

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.