Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) Target Price at $9.43

Amprius Technologies, Inc. (NYSE:AMPX) has received a consensus recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.43.

A number of equities research analysts recently issued reports on AMPX shares. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. Northland Securities increased their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. B. Riley increased their price objective on Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Finally, Oppenheimer lifted their target price on Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, March 21st.

Amprius Technologies Price Performance

AMPX opened at $2.43 on Friday. The firm has a market capitalization of $285.97 million, a price-to-earnings ratio of -5.39 and a beta of 2.17. The company’s 50 day simple moving average is $2.67 and its two-hundred day simple moving average is $2.33. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.21.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $10.63 million for the quarter, compared to analyst estimates of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. On average, equities analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 34,353 shares of Amprius Technologies stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the completion of the transaction, the chief executive officer now directly owns 1,282,621 shares of the company’s stock, valued at $4,014,603.73. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction 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 trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock valued at $235,025 over the last quarter. 12.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after acquiring an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies in the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Amprius Technologies in the 4th quarter valued at about $30,000. O Dell Group LLC acquired a new position in shares of Amprius Technologies during the fourth quarter worth about $35,000. Finally, Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the period. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.