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

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One 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 brokerages that have issued a report on the stock in the last year is $16.6250.

AMPX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, January 21st. Craig Hallum initiated coverage on Amprius Technologies in a report on Monday. They set a “buy” rating and a $17.00 target price on the stock. Needham & Company LLC initiated coverage on Amprius Technologies in a report on Thursday, January 29th. They issued a “buy” rating and a $20.00 price target for the company. Cantor Fitzgerald upped their price target on shares of Amprius Technologies from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Amprius Technologies in a research report on Tuesday, December 23rd.

Amprius Technologies Trading Up 6.1%

NYSE AMPX opened at $10.82 on Wednesday. Amprius Technologies has a 1-year low of $1.70 and a 1-year high of $16.03. The company has a 50 day moving average of $10.27 and a 200-day moving average of $10.45. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -41.61 and a beta of 2.99.

Insider Buying and Selling at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 492,827 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $12.04, for a total transaction of $5,933,637.08. Following the transaction, the chief technology officer owned 748,696 shares of the company’s stock, valued at $9,014,299.84. This represents a 39.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kang Sun sold 950,548 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $11.07, for a total value of $10,522,566.36. Following the completion of the transaction, the director owned 1,403,651 shares in the company, valued at approximately $15,538,416.57. This represents a 40.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,392,269 shares of company stock worth $26,384,359. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds have recently modified their holdings of AMPX. Alberta Investment Management Corp bought a new position in Amprius Technologies during the 4th quarter worth approximately $1,001,000. Vident Advisory LLC acquired a new stake in Amprius Technologies in the fourth quarter worth $107,000. Summit Securities Group LLC acquired a new stake in Amprius Technologies in the fourth quarter worth $54,000. Numerai GP LLC boosted its position in shares of Amprius Technologies by 29.1% during the fourth quarter. Numerai GP LLC now owns 96,209 shares of the company’s stock worth $759,000 after purchasing an additional 21,698 shares in the last quarter. Finally, Osterweis Capital Management Inc. grew its holdings in shares of Amprius Technologies by 142.6% in the 4th quarter. Osterweis Capital Management Inc. now owns 454,830 shares of the company’s stock valued at $3,589,000 after buying an additional 267,385 shares during the period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Amprius Technologies Company Profile

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.