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

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average recommendation of “Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.29.

Several research analysts have recently weighed in on AMPX shares. Northland Securities increased their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Cantor Fitzgerald started coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target for the company.

Amprius Technologies Price Performance

Shares of NYSE AMPX opened at $2.04 on Wednesday. The stock has a market capitalization of $215.38 million, a PE ratio of -4.52 and a beta of 2.56. Amprius Technologies has a one year low of $0.61 and a one year high of $4.21. The business’s fifty day moving average price is $3.00 and its 200-day moving average price is $2.08.

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the transaction, the chief financial officer now owns 678,000 shares in the company, valued at $2,122,140. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the transaction, the chief technology officer now owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,088 shares of company stock worth $235,025 in the last quarter. 12.80% of the stock is owned by company insiders.

Institutional Trading of Amprius Technologies

A number of large investors have recently modified their holdings of AMPX. Rhumbline Advisers boosted its position in shares of Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after acquiring an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies during the 4th quarter valued at about $28,000. JPMorgan Chase & Co. boosted its position in shares of Amprius Technologies by 343.1% during 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. Kingswood Wealth Advisors LLC bought a new stake in shares of Amprius Technologies during the 4th quarter valued at about $30,000. Finally, B. Riley Wealth Advisors Inc. boosted 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 valued at $31,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors own 5.04% of the company’s stock.

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.