Amprius Technologies, Inc. (NYSE:AMPX) Receives $11.60 Average Target Price from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.60.

Several research firms have recently commented on AMPX. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a report on Thursday, January 11th. Oppenheimer reiterated an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a research report on Friday, March 22nd. Roth Mkm initiated coverage on shares of Amprius Technologies in a research report on Thursday, January 11th. They set a “buy” rating and a $10.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Thursday, April 4th.

Amprius Technologies Trading Up 3.6 %

Shares of AMPX stock opened at $1.75 on Friday. Amprius Technologies has a 12 month low of $1.58 and a 12 month high of $10.63. The company has a market cap of $160.30 million, a P/E ratio of -4.07 and a beta of 2.85. The firm has a fifty day moving average price of $2.71 and a 200 day moving average price of $3.51.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, March 21st. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Amprius Technologies had a negative return on equity of 56.74% and a negative net margin of 406.23%. The business had revenue of $3.94 million during the quarter, compared to the consensus estimate of $2.60 million. During the same period in the previous year, the business earned ($0.07) EPS. On average, equities analysts forecast that Amprius Technologies will post -0.42 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other news, insider Jonathan Bornstein sold 109,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.90% of the stock is currently owned by insiders.

Institutional Trading of Amprius Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AMPX. Invesco Ltd. bought a new stake in shares of Amprius Technologies during the 3rd quarter valued at about $8,006,000. Kestra Advisory Services LLC bought a new position in shares of Amprius Technologies during the third quarter valued at approximately $484,000. Barclays PLC raised its position in shares of Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock worth $140,000 after purchasing an additional 28,092 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Amprius Technologies in the 4th quarter worth approximately $84,000. Finally, International Assets Investment Management LLC acquired a new position in Amprius Technologies during the 4th quarter valued at approximately $710,000. Institutional investors and hedge funds 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.