Amprius Technologies, Inc. (NYSE:AMPX) Given Average Recommendation of “Moderate Buy” by Brokerages

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.25.

Several brokerages recently issued reports on AMPX. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Monday, April 20th. Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a report on Monday. William Blair reissued an “outperform” rating on shares of Amprius Technologies in a report on Friday, March 6th. Wall Street Zen lowered shares of Amprius Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Craig Hallum lifted their price objective on shares of Amprius Technologies from $17.00 to $21.00 and gave the company a “buy” rating in a report on Friday, March 6th.

Check Out Our Latest Stock Report on Amprius Technologies

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, Director Steven Chu sold 166,632 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.92, for a total value of $2,986,045.44. Following the completion of the sale, the director directly owned 127,339 shares in the company, valued at $2,281,914.88. This trade represents a 56.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Constantin Ionel Stefan sold 25,366 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $257,718.56. Following the completion of the sale, the chief technology officer owned 723,330 shares of the company’s stock, valued at approximately $7,349,032.80. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,539,829 shares of company stock valued at $42,323,376. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently bought and sold shares of the company. Stephens Investment Management Group LLC acquired a new stake in shares of Amprius Technologies during the third quarter worth $11,392,000. Oppenheimer & Co. Inc. lifted its stake in shares of Amprius Technologies by 47.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 442,090 shares of the company’s stock worth $3,488,000 after buying an additional 142,751 shares during the period. Vanguard Group Inc. lifted its stake in shares of Amprius Technologies by 37.0% during the third quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock worth $68,513,000 after buying an additional 1,757,395 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Amprius Technologies during the fourth quarter worth $2,014,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Amprius Technologies during the third quarter worth $7,530,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $16.83 on Monday. The firm has a market cap of $2.38 billion, a PE ratio of -56.08 and a beta of 2.20. The firm’s 50 day simple moving average is $18.26 and its 200-day simple moving average is $13.46. Amprius Technologies has a one year low of $2.34 and a one year high of $22.80.

Amprius Technologies (NYSE:AMPXGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $28.54 million for the quarter, compared to analysts’ expectations of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%. Equities research analysts predict that Amprius Technologies will post -0.07 EPS for the current fiscal year.

Amprius Technologies Company Profile

(Get Free Report)

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

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Analyst Recommendations for Amprius Technologies (NYSE:AMPX)

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