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

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.5714.

AMPX has been the subject of several recent analyst reports. Cantor Fitzgerald boosted their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a research report on Tuesday, October 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Finally, Roth Capital set a $14.00 price objective on Amprius Technologies and gave the stock a “buy” rating in a research note on Wednesday, October 22nd.

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 shares were sold at an average price of $10.51, for a total transaction of $2,083,660.05. Following the sale, the chief technology officer owned 748,696 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, CEO Kang Sun sold 68,655 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $10.08, for a total transaction of $692,042.40. Following the sale, the chief executive officer directly owned 1,403,651 shares of the company’s stock, valued at $14,148,802.08. The trade was a 4.66% 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 worth $13,627,944 over the last ninety days. Corporate insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in Amprius Technologies in the 3rd quarter valued at about $42,000. Jones Financial Companies Lllp grew its position in shares of Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after purchasing an additional 3,532 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Amprius Technologies in the third quarter valued at approximately $54,000. Geneos Wealth Management Inc. purchased a new position in Amprius Technologies during the third quarter worth approximately $74,000. Finally, Ameritas Investment Partners Inc. boosted its stake in Amprius Technologies by 2,043.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,516 shares of the company’s stock worth $40,000 after buying an additional 9,072 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Trading Up 4.1%

NYSE AMPX opened at $9.26 on Tuesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -35.63 and a beta of 3.04. The stock has a 50-day moving average of $10.55 and a 200 day moving average of $9.32. Amprius Technologies has a twelve month low of $1.70 and a twelve month high of $16.03.

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

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.