Amprius Technologies, Inc. (NYSE:AMPX) Receives Consensus Rating of “Moderate Buy” from Analysts

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

AMPX has been the topic of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. JonesTrading started coverage on shares of Amprius Technologies in a research note on Friday, July 10th. They issued a “buy” rating and a $30.00 target price for the company. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Clear Str initiated coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective on the stock.

Insider Buying and Selling

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $10.34, for a total value of $306,901.54. Following the sale, the chief technology officer owned 771,629 shares in the company, valued at $7,978,643.86. This represents a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 123,311 shares of company stock worth $1,272,556. 5.10% 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 AMPX. Vanguard Group Inc. raised its holdings in Amprius Technologies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 7,128,657 shares of the company’s stock valued at $56,245,000 after acquiring an additional 616,037 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Amprius Technologies by 33.1% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,441,698 shares of the company’s stock worth $11,375,000 after acquiring an additional 358,791 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Amprius Technologies in the 4th quarter worth about $7,771,000. Jupiter Asset Management Ltd. increased its position in shares of Amprius Technologies by 381.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 960,912 shares of the company’s stock worth $7,582,000 after purchasing an additional 761,527 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Amprius Technologies by 34.1% in the 1st quarter. Sei Investments Co. now owns 579,161 shares of the company’s stock valued at $9,765,000 after purchasing an additional 147,375 shares in the last quarter. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Price Performance

NYSE:AMPX opened at $9.48 on Friday. The business’s 50-day moving average is $10.30 and its two-hundred day moving average is $14.70. Amprius Technologies has a 12 month low of $7.71 and a 12 month high of $24.23. The firm has a market capitalization of $1.34 billion, a PE ratio of -32.71 and a beta of 2.33.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.

The company’s battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.