Amprius Technologies, Inc. (NYSE:AMPX) Receives $14.57 Consensus Target Price from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.5714.

Several research firms recently commented on AMPX. Northland Securities set a $20.00 target price on Amprius Technologies in a research report on Tuesday, October 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald boosted their target price on shares of Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Roth Capital set a $14.00 target price on shares of Amprius Technologies and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Amprius Technologies in a report on Tuesday, December 23rd.

Insider Buying and Selling

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $10.51, for a total value of $2,083,660.05. Following the completion of the transaction, the chief technology officer owned 748,696 shares in the company, valued at approximately $7,868,794.96. The trade was a 20.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 1,000,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.60, for a total value of $10,600,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,472,306 shares in the company, valued at approximately $15,606,443.60. This represents a 40.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,291,934 shares of company stock valued at $13,627,944 in the last quarter. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Voloridge Investment Management LLC bought a new stake in Amprius Technologies during the 3rd quarter worth about $19,737,000. BNP Paribas Financial Markets lifted its position in shares of Amprius Technologies by 1,117.9% during the third quarter. BNP Paribas Financial Markets now owns 1,943,905 shares of the company’s stock worth $20,450,000 after purchasing an additional 1,784,291 shares in the last quarter. Vanguard Group Inc. grew 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 valued at $68,513,000 after purchasing an additional 1,757,395 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Amprius Technologies by 113.3% in the third quarter. Invesco Ltd. now owns 2,379,384 shares of the company’s stock valued at $25,031,000 after purchasing an additional 1,263,846 shares in the last quarter. Finally, Stephens Investment Management Group LLC acquired a new stake in shares of Amprius Technologies in the third quarter valued at approximately $11,392,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Stock Up 5.5%

NYSE AMPX opened at $10.01 on Tuesday. Amprius Technologies has a twelve month low of $1.70 and a twelve month high of $16.03. The stock has a market cap of $1.31 billion, a P/E ratio of -38.48 and a beta of 3.04. The company’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $9.49.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Amprius Technologies had a negative return on equity of 38.85% and a negative net margin of 53.16%.The company had revenue of $21.43 million for the quarter, compared to the consensus estimate of $16.45 million. Research analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current year.

Amprius Technologies Company Profile

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.