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

Amprius Technologies, Inc. (NYSE:AMPX) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.00.

AMPX has been the subject of several recent analyst reports. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Clear Str started coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Wall Street Zen cut shares of Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $10.20 on Wednesday. Amprius Technologies has a 1-year low of $6.66 and a 1-year high of $24.23. The business has a fifty day moving average price of $11.62 and a 200-day moving average price of $14.85. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.33.

Insider Activity at Amprius Technologies

In related news, Director Kang Sun sold 62,101 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $642,124.34. Following the completion of the transaction, the director owned 1,218,397 shares in the company, valued at $12,598,224.98. This trade represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 8,000 shares of the firm’s stock in a transaction 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 owned 594,096 shares of the company’s stock, valued at $5,958,782.88. This trade represents a 1.33% decrease in their position. 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 have sold 250,311 shares of company stock valued at $3,539,146. 5.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in shares of Amprius Technologies by 355.6% during the second quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after purchasing an additional 1,643 shares during the period. Bank of America Corp DE raised its position in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after buying an additional 3,055 shares during the last quarter. Quarry LP purchased a new position in Amprius Technologies during the 3rd quarter worth approximately $42,000. Rhumbline Advisers lifted its stake in Amprius Technologies by 61.1% during the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company’s stock valued at $42,000 after acquiring an additional 5,951 shares during the period. Finally, Legal & General Group Plc lifted its stake in Amprius Technologies by 1,385.4% during the 2nd quarter. Legal & General Group Plc now owns 10,383 shares of the company’s stock valued at $44,000 after acquiring an additional 9,684 shares during the period. 5.04% of the stock is owned by institutional investors and hedge funds.

About Amprius Technologies

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.