Amprius Technologies, Inc. (NYSE:AMPX) Receives $11.71 Average PT from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average recommendation of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.7143.

Several equities analysts have recently commented on AMPX shares. B. Riley boosted their price target on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, August 8th. Roth Capital reissued a “buy” rating and set a $10.00 price objective (up previously from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price (up from $10.00) on shares of Amprius Technologies in a research report on Friday, August 8th. Cantor Fitzgerald raised their price target on Amprius Technologies from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, William Blair raised Amprius Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, July 18th.

Amprius Technologies Stock Performance

NYSE AMPX opened at $12.44 on Friday. Amprius Technologies has a twelve month low of $0.97 and a twelve month high of $13.21. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -37.68 and a beta of 2.85. The firm’s 50 day moving average price is $8.42 and its two-hundred day moving average price is $5.21.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Amprius Technologies had a negative net margin of 84.77% and a negative return on equity of 55.79%. The firm had revenue of $15.07 million for the quarter, compared to analysts’ expectations of $12.38 million. On average, research analysts forecast that Amprius Technologies will post -0.45 EPS for the current fiscal year.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 19,159 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $6.82, for a total value of $130,664.38. Following the completion of the sale, the chief technology officer owned 846,975 shares of the company’s stock, valued at approximately $5,776,369.50. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kang Sun sold 65,654 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $447,760.28. Following the completion of the sale, the chief executive officer directly owned 1,472,306 shares of the company’s stock, valued at approximately $10,041,126.92. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,203 shares of company stock valued at $772,044. 12.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. bought a new stake in Amprius Technologies during the second quarter worth approximately $213,000. BNP Paribas Financial Markets boosted its position in Amprius Technologies by 2,677.3% during the second quarter. BNP Paribas Financial Markets now owns 159,614 shares of the company’s stock worth $672,000 after purchasing an additional 153,867 shares during the period. Bank of America Corp DE boosted its position in Amprius Technologies by 50.7% during the second quarter. Bank of America Corp DE now owns 126,779 shares of the company’s stock worth $534,000 after purchasing an additional 42,625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Amprius Technologies by 419.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,041 shares of the company’s stock worth $215,000 after purchasing an additional 41,208 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in Amprius Technologies during the second quarter worth approximately $144,000. Institutional investors own 5.04% of the company’s stock.

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.