Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.42.
Several equities analysts have recently commented on the company. Canaccord Genuity Group assumed coverage on Amprius Technologies in a report on Wednesday, October 14th. They set a “buy” rating and a $14.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Amprius Technologies in a report on Friday. Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. National Bank Financial set a $18.00 target price on shares of Amprius Technologies in a research report on Tuesday, September 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Thursday, October 15th.
View Our Latest Stock Analysis on Amprius Technologies
Insider Activity
In other Amprius Technologies news, CEO Thomas M. Stepien sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $10.03, for a total value of $80,240.00. Following the completion of the transaction, the chief executive officer directly owned 594,096 shares in the company, valued at $5,958,782.88. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Stefan sold 29,681 shares of Amprius Technologies stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $306,901.54. Following the sale, the chief technology officer owned 771,629 shares of the company’s stock, valued at approximately $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 123,311 shares of company stock worth $1,272,556. Corporate insiders own 5.10% of the company’s stock.
Institutional Investors Weigh In On Amprius Technologies
Hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. boosted its holdings in shares of Amprius Technologies by 355.6% in the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after buying an additional 1,643 shares during the period. Arizona State Retirement System grew its position in Amprius Technologies by 5.4% during the second quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock valued at $472,000 after buying an additional 1,743 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 4.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,285 shares of the company’s stock worth $487,000 after buying an additional 2,185 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Amprius Technologies by 14.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,809 shares of the company’s stock worth $211,000 after purchasing an additional 2,764 shares in the last quarter. Finally, KBC Group NV purchased a new position in Amprius Technologies during the first quarter valued at $57,000. 5.04% of the stock is owned by hedge funds and other institutional investors.
Amprius Technologies Trading Up 16.2%
Shares of Amprius Technologies stock opened at $8.74 on Monday. Amprius Technologies has a one year low of $7.02 and a one year high of $24.23. The company has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $13.25.
Amprius Technologies Company Profile
Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using its silicon nanowire anode technology. The company’s batteries are designed to provide greater energy density and faster charging than conventional lithium-ion cells, supporting applications where weight, size and performance are important.
Its product portfolio includes lightweight pouch-format battery cells and related battery technologies for electric aviation, aerospace, defense, drones, high-altitude platforms, electric vehicles and other e-mobility applications.
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