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

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.60.

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Amprius Technologies in a report on Friday, March 22nd. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Thursday, April 4th. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a report on Thursday, January 11th. Finally, Roth Mkm initiated coverage on shares of Amprius Technologies in a report on Thursday, January 11th. They issued a “buy” rating and a $10.00 price target on the stock.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, insider Jonathan Bornstein sold 109,800 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. acquired a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $8,006,000. Vanguard Group Inc. grew its position in shares of Amprius Technologies by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 911,510 shares of the company’s stock worth $4,822,000 after purchasing an additional 52,746 shares in the last quarter. BlackRock Inc. grew its position in shares of Amprius Technologies by 144.3% during the 2nd quarter. BlackRock Inc. now owns 408,720 shares of the company’s stock worth $2,935,000 after purchasing an additional 241,384 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Amprius Technologies by 46.2% during the 2nd quarter. Geode Capital Management LLC now owns 163,138 shares of the company’s stock worth $1,171,000 after purchasing an additional 51,524 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Amprius Technologies by 20.5% during the 4th quarter. Kestra Advisory Services LLC now owns 123,000 shares of the company’s stock worth $651,000 after purchasing an additional 20,950 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $1.76 on Friday. The firm’s 50-day moving average is $2.80 and its 200-day moving average is $3.55. The stock has a market cap of $161.22 million, a price-to-earnings ratio of -4.09 and a beta of 2.84. Amprius Technologies has a 52-week low of $1.65 and a 52-week high of $10.63.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, March 21st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $3.94 million for the quarter, compared to analysts’ expectations of $2.60 million. Amprius Technologies had a negative net margin of 406.23% and a negative return on equity of 56.74%. During the same period in the prior year, the firm earned ($0.07) EPS. Sell-side analysts predict that Amprius Technologies will post -0.42 EPS for the current fiscal year.

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.