Amprius Technologies, Inc. (NYSE:AMPX) Receives Consensus Recommendation of “Buy” from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.29.

AMPX has been the topic of several analyst reports. Northland Securities upped their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective for the company.

Amprius Technologies Price Performance

Shares of NYSE:AMPX opened at $2.26 on Wednesday. The business’s fifty day moving average price is $2.95 and its two-hundred day moving average price is $2.10. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $4.21. The stock has a market capitalization of $238.67 million, a price-to-earnings ratio of -5.01 and a beta of 2.56.

Insider Transactions at Amprius Technologies

In other news, CFO Sandra Wallach sold 18,142 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the sale, the chief financial officer now owns 678,000 shares in the company, valued at $2,122,140. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kang Sun sold 34,353 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,088 shares of company stock worth $235,025. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares during the last quarter. State Street Corp lifted its stake in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after buying an additional 12,900 shares during the period. Geode Capital Management LLC boosted its holdings in Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after buying an additional 184,863 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after buying an additional 6,700 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,939 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Company Profile

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.