Amprius Technologies, Inc. (NYSE:AMPX) Receives $9.29 Consensus PT from Analysts

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $9.29.

A number of brokerages recently weighed in on AMPX. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Cantor Fitzgerald assumed coverage on Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price for the company. Finally, Northland Securities upped their target price on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Amprius Technologies during the 4th quarter worth approximately $4,081,000. Invesco Ltd. grew its position in Amprius Technologies by 56.5% in the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock valued at $6,957,000 after buying an additional 897,222 shares during the last quarter. Renaissance Technologies LLC increased its stake in Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after buying an additional 752,000 shares during the period. Millennium Management LLC acquired a new position in Amprius Technologies in the 4th quarter valued at $2,009,000. Finally, Two Sigma Investments LP raised its position in Amprius Technologies by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after buying an additional 338,524 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Trading Down 9.2 %

Shares of NYSE:AMPX opened at $3.02 on Friday. The firm has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $1.94. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.20. The company has a market capitalization of $319.10 million, a PE ratio of -6.70 and a beta of 2.45.

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.