Amprius Technologies Inc (AMPX) Receives a Rating Update from a Top Analyst

Oppenheimer analyst Colin Rusch maintained a Buy rating on Amprius Technologies Inc (AMPX – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $1.42.

Rusch covers the Technology sector, focusing on stocks such as First Solar, SolarEdge Technologies, and Array Technologies. According to TipRanks, Rusch has an average return of 38.1% and a 50.40% success rate on recommended stocks.

Currently, the analyst consensus on Amprius Technologies Inc is a Strong Buy with an average price target of $10.75, implying a 657.04% upside from current levels. In a report released on May 10, H.C. Wainwright also maintained a Buy rating on the stock with a $10.00 price target.

AMPX market cap is currently $134.2M and has a P/E ratio of -3.33.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMPX in relation to earlier this year. Last month, Jonathan Bornstein, the President of Amprius Lab of AMPX bought 1,007,867.00 shares for a total of $50,393.35.

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Amprius Technologies Inc (AMPX) Company Description:

Amprius Technologies Inc is engaged in the production of silicon anodes for high energy density lithium-ion batteries. The company’s batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.