Amprius Technologies, Inc. (NYSE:AMPX) Given Consensus Recommendation of “Buy” by Analysts

by · The Cerbat Gem

Amprius Technologies, Inc. (NYSE:AMPX – Get Free Report) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the company, Marketbeat.com reports. Six research 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 covered the stock in the last year is $8.17.

Several equities research analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd.

View Our Latest Report on AMPX

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 17,158 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the transaction, the chief financial officer now directly owns 696,142 shares in the company, valued at $1,364,438.32. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Bornstein sold 18,170 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the transaction, the insider now owns 454,131 shares of the company’s stock, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,903 shares of company stock worth $86,050. 12.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its holdings 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 valued at $29,000 after purchasing an additional 10,300 shares during the last quarter. JPMorgan Chase & Co. raised 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 period. XTX Topco Ltd purchased a new stake in Amprius Technologies during the second quarter valued at about $72,000. AQR Capital Management LLC acquired a new position in shares of Amprius Technologies in the second quarter worth about $99,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Amprius Technologies by 124.7% in the third 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 currently owned by institutional investors and hedge funds.

Amprius Technologies Stock Down 6.0 %

Shares of AMPX opened at $2.80 on Friday. The company has a market cap of $296.35 million, a P/E ratio of -6.22 and a beta of 2.92. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $5.29. The firm’s 50 day moving average price is $1.91 and its 200 day moving average price is $1.41.

Amprius Technologies (NYSE:AMPX – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Research analysts forecast that Amprius Technologies will post -0.44 earnings per share for the current year.

Amprius Technologies Company Profile

(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.

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