Amprius Technologies, Inc. (NYSE:AMPX) Receives $11.40 Average Price Target from Analysts

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.40.

Several equities research analysts have commented on the company. William Blair assumed coverage on Amprius Technologies in a research note on Monday, December 18th. They set a “market perform” rating for the company. Roth Mkm began coverage on Amprius Technologies in a research note on Thursday, January 11th. They set a “buy” rating and a $10.00 price objective for the company. Alliance Global Partners began coverage on Amprius Technologies in a report on Tuesday, December 5th. They set a “buy” rating and a $10.00 target price on the stock. HC Wainwright began coverage on Amprius Technologies in a report on Tuesday, October 31st. They set a “buy” rating and a $10.00 target price on the stock. Finally, Roth Capital restated a “buy” rating on shares of Amprius Technologies in a report on Thursday, January 11th.

Get Our Latest Analysis on Amprius Technologies

Amprius Technologies Stock Down 2.7 %

Shares of Amprius Technologies stock opened at $4.03 on Tuesday. Amprius Technologies has a twelve month low of $2.60 and a twelve month high of $10.63. The business has a 50-day moving average price of $4.28 and a 200 day moving average price of $4.37. The firm has a market cap of $356.25 million, a PE ratio of -10.33 and a beta of 3.16.

Insiders Place Their Bets

In other Amprius Technologies news, insider Jonathan Bornstein sold 150,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.43, for a total transaction of $664,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amprius Technologies news, insider Jonathan Bornstein sold 150,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.43, for a total transaction of $664,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Justin E. Mirro sold 30,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.32, for a total value of $129,600.00. Following the transaction, the director now owns 1,940,000 shares in the company, valued at $8,380,800. The disclosure for this sale can be found here. Insiders have sold 1,094,864 shares of company stock worth $4,306,269 over the last ninety days. Corporate insiders own 14.90% of the company’s stock.

Institutional Trading of Amprius Technologies

Large investors have recently modified their holdings of the stock. IPG Investment Advisors LLC purchased a new stake in shares of Amprius Technologies during the second quarter worth $180,000. Integrated Wealth Concepts LLC purchased a new position in Amprius Technologies in the third quarter valued at $52,000. JPMorgan Chase & Co. purchased a new position in Amprius Technologies in the fourth quarter valued at $44,000. Belpointe Asset Management LLC purchased a new position in Amprius Technologies in the first quarter valued at $44,000. Finally, Tower Research Capital LLC TRC increased its holdings in Amprius Technologies by 240.9% in the third quarter. Tower Research Capital LLC TRC now owns 5,655 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares during the last quarter. Hedge funds and other institutional investors own 2.60% of the company’s stock.

About Amprius Technologies

(Get Free Report

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.

Further Reading

Analyst Recommendations for Amprius Technologies (NYSE:AMPX)

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