Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.29 Average Price Target from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.29.

AMPX has been the topic of a number of research analyst reports. Cantor Fitzgerald assumed coverage on Amprius Technologies in a research report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. Northland Securities raised their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th.

Insider Buying and Selling at Amprius Technologies

In related news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies 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 sale, the chief financial officer now owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Bornstein sold 13,527 shares of the company’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 $42,339.51. Following the sale, the insider now owns 419,197 shares in the company, valued at $1,312,086.61. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,088 shares of company stock worth $235,025. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after purchasing an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Amprius Technologies in the fourth quarter valued at approximately $28,000. JPMorgan Chase & Co. boosted its stake 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 worth $30,000 after acquiring an additional 20,939 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Amprius Technologies during the 4th quarter worth approximately $30,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings 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 worth $31,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Trading Up 1.1 %

Shares of Amprius Technologies stock opened at $2.26 on Wednesday. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $4.21. The company has a market capitalization of $238.67 million, a PE ratio of -5.01 and a beta of 2.56. The stock’s fifty day simple moving average is $2.95 and its 200 day simple moving average is $2.10.

Amprius Technologies Company Profile

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.