Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) 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.
Check Out Our Latest Stock Analysis on AMPX
Insider Activity
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.
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