Amprius Technologies, Inc. (NYSE:AMPX) Given Average Rating of “Buy” by Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $8.17.

Several equities analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Insider Activity at Amprius Technologies

In other news, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the transaction, the chief financial officer now owns 696,142 shares in the company, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,903 shares of company stock worth $86,050. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its stake in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after buying an additional 20,939 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the 2nd quarter worth about $72,000. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies in the 2nd quarter valued at about $99,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after acquiring an additional 152,102 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies Stock Up 2.1 %

NYSE:AMPX opened at $2.86 on Friday. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $5.26. The stock’s fifty day moving average is $1.96 and its two-hundred day moving average is $1.43. The company has a market capitalization of $302.70 million, a P/E ratio of -6.36 and a beta of 2.92.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same period in the previous year, the firm earned ($0.10) EPS. Sell-side analysts anticipate that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.