Amprius Technologies’ (AMPX) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a report issued on Monday,Benzinga reports. They currently have a $10.00 price target on the stock.

Several other brokerages have also recently issued reports on AMPX. Oppenheimer decreased their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Northland Securities decreased their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Roth Mkm decreased their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $8.17.

Amprius Technologies Price Performance

Shares of AMPX opened at $2.34 on Monday. The stock has a market capitalization of $259.86 million, a price-to-earnings ratio of -5.20 and a beta of 2.42. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $6.02. The business’s 50 day simple moving average is $1.21 and its 200-day simple moving average is $1.29.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned ($0.10) EPS. On average, sell-side analysts expect that Amprius Technologies will post -0.44 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Kang Sun sold 33,333 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total value of $202,500.00. Following the transaction, the director now directly owns 1,195,000 shares in the company, valued at $967,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 469,683 shares of company stock valued at $425,318 in the last quarter. 12.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its position in shares of Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares in the last quarter. XTX Topco Ltd bought a new stake in Amprius Technologies during the second quarter valued at about $72,000. AQR Capital Management LLC bought a new stake in Amprius Technologies during the second quarter valued at about $99,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Amprius Technologies by 124.7% during the third 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 in the last quarter. 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.