Amprius Technologies (NYSE:AMPX) Coverage Initiated at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald began coverage on shares of Amprius Technologies (NYSE:AMPX) in a report released on Tuesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $10.00 price target on the stock. Cantor Fitzgerald’s price target points to a potential upside of 190.02% from the company’s current price.

Several other equities analysts have also recently commented on AMPX. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research report on Monday, November 11th. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Northland Securities lifted their price target on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amprius Technologies currently has an average rating of “Buy” and an average target price of $9.29.

Amprius Technologies Stock Up 5.1 %

Shares of NYSE:AMPX opened at $3.45 on Tuesday. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.70. The company’s 50 day moving average price is $2.43 and its two-hundred day moving average price is $1.63. The firm has a market cap of $364.94 million, a PE ratio of -7.66 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the prior year, the business posted ($0.10) earnings per share. On average, research analysts expect that Amprius Technologies will post -0.44 EPS for the current year.

Insider Activity

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the sale, the chief financial officer now directly owns 696,142 shares in the company, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan Bornstein sold 18,170 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the transaction, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,903 shares of company stock worth $86,050. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of AMPX. XTX Topco Ltd acquired a new stake in Amprius Technologies in the 2nd quarter valued at $72,000. AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies in the 2nd quarter worth about $99,000. B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares during the last quarter. Finally, State Street Corp increased its holdings in Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after purchasing an additional 12,900 shares in the last quarter. 5.04% of the stock is owned by institutional investors.

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.