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

B. Riley upgraded shares of Amprius Technologies (NYSE:AMPX) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports.

A number of other research analysts have also weighed in on the company. Oppenheimer reissued an outperform rating and set a $15.00 target price on shares of Amprius Technologies in a report on Friday, March 22nd. Alliance Global Partners dropped their price objective on shares of Amprius Technologies from $10.00 to $9.00 and set a buy rating on the stock in a research report on Friday, May 10th. Finally, HC Wainwright reaffirmed a buy rating and set a $10.00 target price on shares of Amprius Technologies in a report on Thursday, April 4th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amprius Technologies currently has an average rating of Buy and a consensus price target of $10.00.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $1.22 on Tuesday. The company has a fifty day moving average price of $1.51 and a two-hundred day moving average price of $2.83. Amprius Technologies has a one year low of $1.01 and a one year high of $8.37. The stock has a market cap of $115.25 million, a P/E ratio of -2.84 and a beta of 2.74.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $2.34 million during the quarter, compared to the consensus estimate of $1.70 million. Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. During the same period last year, the business posted ($0.11) EPS. As a group, equities research analysts anticipate that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $1.13, for a total value of $293,800.00. Following the completion of the sale, the director now directly owns 1,467,142 shares in the company, valued at $1,657,870.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amprius Technologies news, 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 transaction of $293,800.00. Following the transaction, the director now owns 1,467,142 shares in the company, valued at approximately $1,657,870.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kang Sun sold 19,973 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total value of $26,564.09. Following the sale, the insider now owns 1,399,697 shares of the company’s stock, valued at $1,861,597.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 575,794 shares of company stock valued at $705,406. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Amprius Technologies in the 3rd quarter valued at $58,000. FNY Investment Advisers LLC bought a new position in shares of Amprius Technologies in the 4th quarter valued at $84,000. Barclays PLC raised its holdings in shares of Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock worth $140,000 after buying an additional 28,092 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Amprius Technologies during the 3rd quarter worth $484,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.