Amprius Technologies, Inc. (NYSE:AMPX) Receives $23.00 Average Price Target from Brokerages

Amprius Technologies, Inc. (NYSE:AMPX) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong 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 $23.00.

A number of brokerages have recently issued reports on AMPX. Zacks Research upgraded shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Clear Str started coverage on Amprius Technologies in a research note on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price target for the company. JonesTrading initiated coverage on Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th.

Amprius Technologies Price Performance

NYSE AMPX opened at $9.14 on Friday. Amprius Technologies has a 12 month low of $7.71 and a 12 month high of $24.23. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -31.50 and a beta of 2.33. The company’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $14.76.

Insider Transactions at Amprius Technologies

In related news, CTO Constantin Stefan sold 29,681 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $306,901.54. Following the sale, the chief technology officer directly owned 771,629 shares of the company’s stock, valued at approximately $7,978,643.86. This represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas M. Stepien sold 23,529 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $243,289.86. Following the transaction, the chief executive officer owned 602,096 shares in the company, valued at $6,225,672.64. This trade represents a 3.76% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 123,311 shares of company stock worth $1,272,556. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its position in shares of Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after buying an additional 1,643 shares during the last quarter. Arizona State Retirement System lifted its holdings in Amprius Technologies by 5.4% in the second quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock worth $472,000 after acquiring an additional 1,743 shares during the last quarter. SLT Holdings LLC lifted its holdings in Amprius Technologies by 2.5% in the fourth quarter. SLT Holdings LLC now owns 123,300 shares of the company’s stock worth $973,000 after acquiring an additional 3,000 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Amprius Technologies by 2.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 124,134 shares of the company’s stock valued at $979,000 after acquiring an additional 3,000 shares during the period. Finally, KBC Group NV acquired a new position in Amprius Technologies in the first quarter valued at approximately $57,000. 5.04% of the stock is owned by institutional investors and hedge funds.

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.