Amprius Technologies (NYSE:AMPX) Earns “Buy” Rating from HC Wainwright

Amprius Technologies (NYSE:AMPX)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research report issued on Friday,Benzinga reports. They currently have a $10.00 target price on the stock. HC Wainwright’s price target indicates a potential upside of 222.06% from the company’s current price. HC Wainwright also issued estimates for Amprius Technologies’ Q1 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2029 earnings at $0.28 EPS.

AMPX has been the subject of a number of other research reports. 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. Northland Securities increased their target price on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and a consensus target price of $9.43.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $3.11 on Friday. The stock has a fifty day moving average price of $2.91 and a two-hundred day moving average price of $2.13. The firm has a market cap of $328.63 million, a P/E ratio of -6.90 and a beta of 2.56. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $4.21.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The firm had revenue of $10.63 million during the quarter, compared to analyst estimates of $7.12 million. On average, research analysts predict that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 34,353 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $107,524.89. Following the completion of the transaction, the chief executive officer now owns 1,282,621 shares of the company’s stock, valued at $4,014,603.73. The trade was a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the completion of the transaction, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,088 shares of company stock valued at $235,025 over the last quarter. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after buying an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies during the 4th quarter worth about $28,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Amprius Technologies during the 4th quarter worth about $30,000. O Dell Group LLC acquired a new position in shares of Amprius Technologies during the 4th quarter worth about $35,000. Finally, Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the last quarter. 5.04% of the stock is owned by 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.