Amprius Technologies’ (AMPX) Buy Rating Reaffirmed at HC Wainwright

Amprius Technologies (NYSE:AMPX)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a $18.00 target price on the stock. HC Wainwright’s price target suggests a potential upside of 88.90% from the company’s current price.

AMPX has been the subject of a number of other reports. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Clear Str began coverage on shares of Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Finally, JonesTrading started coverage on shares of Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.09.

Amprius Technologies Stock Down 0.7%

AMPX stock opened at $9.53 on Tuesday. The firm’s fifty day simple moving average is $10.16 and its two-hundred day simple moving average is $14.42. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -32.86 and a beta of 2.33. Amprius Technologies has a twelve month low of $7.71 and a twelve month high of $24.23.

Insider Transactions at Amprius Technologies

In related news, Director Kang Sun sold 62,101 shares of Amprius Technologies stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the sale, the director owned 1,218,397 shares of the company’s stock, valued at approximately $12,598,224.98. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 8,000 shares of Amprius Technologies stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the completion of the sale, the chief executive officer directly owned 594,096 shares in the company, valued at $5,958,782.88. This represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 123,311 shares of company stock valued at $1,272,556 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in Amprius Technologies by 34.1% in the 1st quarter. Sei Investments Co. now owns 579,161 shares of the company’s stock valued at $9,765,000 after purchasing an additional 147,375 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Amprius Technologies by 700.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 431,398 shares of the company’s stock valued at $6,695,000 after buying an additional 377,485 shares during the period. SG Americas Securities LLC grew its position in Amprius Technologies by 65.7% in the 1st quarter. SG Americas Securities LLC now owns 423,037 shares of the company’s stock valued at $7,132,000 after acquiring an additional 167,785 shares in the last quarter. First Trust Advisors LP grew its position in Amprius Technologies by 1,105.0% in the 1st quarter. First Trust Advisors LP now owns 394,569 shares of the company’s stock valued at $6,652,000 after acquiring an additional 361,825 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in Amprius Technologies by 206.2% in the 1st quarter. Calamos Advisors LLC now owns 364,506 shares of the company’s stock valued at $6,146,000 after acquiring an additional 245,473 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

Amprius Technologies, Inc (NYSE: AMPX) develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.

The company’s battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.