Amprius Technologies, Inc. (NYSE:AMPX) Stock Has Average Price Target of $22.09

Amprius Technologies, Inc. (NYSE:AMPX) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.09.

A number of research firms recently weighed in on AMPX. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Amprius Technologies in a research report on Tuesday, September 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Friday, July 17th. 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 target for the company. Finally, National Bank Financial set a $18.00 price objective on shares of Amprius Technologies in a research note on Tuesday, September 29th.

Insider Buying and Selling

In other Amprius Technologies news, Director Kang Sun sold 62,101 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the sale, the director owned 1,218,397 shares in the company, valued at $12,598,224.98. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Stefan sold 29,681 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the sale, the chief technology officer directly owned 771,629 shares in the company, valued at $7,978,643.86. This trade represents a 3.70% 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 sold 123,311 shares of company stock valued at $1,272,556 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently made changes to their positions in AMPX. TD Waterhouse Canada Inc. raised its stake 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 worth $29,000 after acquiring an additional 1,643 shares in the last quarter. Arizona State Retirement System lifted its position in Amprius Technologies by 5.4% during the second quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock valued at $472,000 after acquiring an additional 1,743 shares during the last quarter. KBC Group NV purchased a new stake in Amprius Technologies during the first quarter valued at approximately $57,000. Corient Private Wealth LP boosted its stake in Amprius Technologies by 22.3% in the second quarter. Corient Private Wealth LP now owns 19,573 shares of the company’s stock valued at $271,000 after acquiring an additional 3,574 shares in the last quarter. Finally, State of Wyoming boosted its stake in Amprius Technologies by 155.2% in the first quarter. State of Wyoming now owns 6,041 shares of the company’s stock valued at $102,000 after acquiring an additional 3,674 shares in the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Trading Up 0.7%

Shares of Amprius Technologies stock opened at $9.46 on Thursday. The firm has a market cap of $1.34 billion, a P/E ratio of -32.62 and a beta of 2.33. Amprius Technologies has a 12 month low of $7.71 and a 12 month high of $24.23. The stock’s fifty day moving average price is $10.17 and its 200-day moving average price is $13.94.

About Amprius Technologies

Amprius Technologies, Inc develops and manufactures high-performance lithium-ion batteries using silicon nanowire anode technology. Its batteries are designed to provide greater energy density and power than conventional graphite-anode cells, supporting longer operating times and reduced weight for battery-powered systems.

The company’s products are intended for demanding applications including aerospace, defense, electric aviation, drones, high-altitude platforms, electric vehicles and other electric mobility systems.