Amprius Technologies (NYSE:AMPX) Given New $6.00 Price Target at Roth Mkm

Amprius Technologies (NYSE:AMPX) had its price target lowered by Roth Mkm from $10.00 to $6.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on AMPX. Alliance Global Partners reduced their price target 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. B. Riley raised shares of Amprius Technologies to a strong-buy rating in a research report on Tuesday, June 25th. One 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. According to data from MarketBeat.com, Amprius Technologies has a consensus rating of Buy and an average price target of $9.00.

Amprius Technologies Price Performance

NYSE:AMPX traded down $0.12 during mid-day trading on Friday, reaching $1.09. The company’s stock had a trading volume of 577,444 shares, compared to its average volume of 703,195. The stock has a market cap of $117.68 million, a P/E ratio of -2.53 and a beta of 2.71. The company’s fifty day simple moving average is $1.24 and its two-hundred day simple moving average is $2.15. Amprius Technologies has a twelve month low of $1.01 and a twelve month high of $6.88.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $2.34 million for 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 quarter last year, the firm posted ($0.11) earnings per share. Sell-side analysts expect that Amprius Technologies will post -0.43 EPS for the current fiscal year.

Insider Activity

In other Amprius Technologies news, Director Justin E. Mirro sold 280,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1.30, for a total transaction of $364,000.00. Following the sale, the director now directly owns 1,715,000 shares of the company’s stock, valued at $2,229,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Justin E. Mirro sold 260,000 shares of the company’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 completion of the transaction, the director now directly owns 1,467,142 shares in the company, valued at approximately $1,657,870.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Justin E. Mirro sold 280,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total value of $364,000.00. Following the completion of the sale, the director now directly owns 1,715,000 shares in the company, valued at $2,229,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 575,794 shares of company stock worth $705,406. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently made changes to their positions in AMPX. International Assets Investment Management LLC bought a new stake in shares of Amprius Technologies during the fourth quarter valued at about $710,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of Amprius Technologies by 29.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after acquiring an additional 3,575 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Amprius Technologies by 45.9% in 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. 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.