Amprius Technologies (NYSE:AMPX) Upgraded by B. Riley to “Strong-Buy”

Amprius Technologies (NYSE:AMPX) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $15.00 price target on shares of Amprius Technologies in a report on Friday, March 22nd. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Thursday, April 4th. Finally, Alliance Global Partners cut their price target on Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $10.00.

Amprius Technologies Trading Down 2.4 %

NYSE AMPX opened at $1.21 on Tuesday. The company has a market cap of $114.31 million, a PE ratio of -2.81 and a beta of 2.74. Amprius Technologies has a 12 month low of $1.01 and a 12 month high of $8.37. The stock has a 50 day moving average of $1.53 and a 200-day moving average of $2.85.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $2.34 million during the quarter, compared to the consensus estimate of $1.70 million. Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. During the same quarter in the prior year, the firm posted ($0.11) EPS. As a group, sell-side analysts predict that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, insider Kang Sun sold 19,973 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total transaction of $26,564.09. Following the transaction, the insider now owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amprius Technologies news, insider Kang Sun sold 19,973 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total transaction of $26,564.09. Following the transaction, the insider now owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justin E. Mirro sold 260,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $1.13, for a total value of $293,800.00. Following the completion of the transaction, the director now owns 1,467,142 shares in the company, valued at approximately $1,657,870.46. The disclosure for this sale can be found here. Insiders have sold 575,794 shares of company stock worth $705,406 in the last 90 days. Company insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMPX. Barclays PLC increased its position in shares of Amprius Technologies by 2,623.0% in the third quarter. Barclays PLC now owns 29,163 shares of the company’s stock worth $140,000 after purchasing an additional 28,092 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Amprius Technologies in the third quarter worth $484,000. Invesco Ltd. bought a new position in shares of Amprius Technologies in the third quarter worth $8,006,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Amprius Technologies in the third quarter worth $58,000. Finally, FNY Investment Advisers LLC acquired a new stake in Amprius Technologies in the fourth quarter valued at about $84,000. Institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

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.