Amprius Technologies, Inc. (NYSE:AMPX) Receives $19.75 Average Price Target from Analysts

Amprius Technologies, Inc. (NYSE:AMPX) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.25.

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, March 10th. Cantor Fitzgerald raised their price objective on shares of Amprius Technologies from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. Northland Securities set a $24.00 price objective on shares of Amprius Technologies in a research note on Monday, May 11th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Amprius Technologies in a research note on Friday, May 8th.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $16.83 on Monday. Amprius Technologies has a 52-week low of $2.34 and a 52-week high of $22.80. The stock has a market cap of $2.38 billion, a PE ratio of -56.08 and a beta of 2.20. The firm’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $13.47.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Amprius Technologies had a negative net margin of 43.98% and a negative return on equity of 17.48%. The business had revenue of $28.54 million during the quarter, compared to the consensus estimate of $25.72 million. As a group, sell-side analysts predict that Amprius Technologies will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 25,366 shares of Amprius Technologies stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.16, for a total transaction of $257,718.56. Following the transaction, the chief technology officer directly owned 723,330 shares of the company’s stock, valued at $7,349,032.80. This trade represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kang Sun sold 1,500,000 shares of Amprius Technologies stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $15.91, for a total transaction of $23,865,000.00. Following the transaction, the director directly owned 1,342,400 shares in the company, valued at approximately $21,357,584. This represents a 52.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,539,829 shares of company stock valued at $42,323,376 in the last three months. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at approximately $11,392,000. Oppenheimer & Co. Inc. grew its position in shares of Amprius Technologies by 47.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 442,090 shares of the company’s stock valued at $3,488,000 after purchasing an additional 142,751 shares during the period. Vanguard Group Inc. grew its position in shares of Amprius Technologies by 37.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,512,620 shares of the company’s stock valued at $68,513,000 after purchasing an additional 1,757,395 shares during the period. SG Americas Securities LLC acquired a new position in shares of Amprius Technologies in the 4th quarter valued at approximately $2,014,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at approximately $7,530,000. 5.04% of the stock is owned by institutional investors and hedge funds.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.