Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) Price Target at $9.29

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have been given an average rating of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.29.

Several research analysts have issued reports on AMPX shares. Northland Securities increased their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target for the company. Finally, HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th.

Amprius Technologies Price Performance

AMPX opened at $3.02 on Friday. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $4.20. The stock has a market capitalization of $319.10 million, a P/E ratio of -6.70 and a beta of 2.45. The business has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $1.94.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock worth $608,000 after acquiring an additional 184,863 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 20,939 shares during the last quarter. State Street Corp lifted its stake in Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after buying an additional 12,900 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Amprius Technologies during the 2nd quarter valued at $99,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.