Amprius Technologies (NYSE:AMPX) Price Target Raised to $6.00 at B. Riley

Amprius Technologies (NYSE:AMPX) had its price objective hoisted by stock analysts at B. Riley from $5.00 to $6.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 157.51% from the stock’s current price.

AMPX has been the subject of several other reports. HC Wainwright reissued a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Friday. Northland Securities lifted their target price on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $9.29.

Amprius Technologies Price Performance

Amprius Technologies stock opened at $2.33 on Friday. The business has a 50 day moving average of $2.92 and a 200-day moving average of $2.10. The company has a market capitalization of $246.60 million, a P/E ratio of -5.18 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, topping analysts’ consensus estimates of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The firm had revenue of $10.63 million for the quarter, compared to the consensus estimate of $7.12 million. Equities analysts anticipate that Amprius Technologies will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 34,353 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares in the company, 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, CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the transaction, the chief financial officer now directly owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,088 shares of company stock valued at $235,025 over the last ninety days. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Board of Trustees of The Leland Stanford Junior University purchased a new stake in shares of Amprius Technologies during the 4th quarter valued at $4,081,000. Invesco Ltd. increased its holdings in Amprius Technologies by 56.5% during the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock worth $6,957,000 after buying an additional 897,222 shares during the last quarter. Renaissance Technologies LLC raised its position in Amprius Technologies by 5,740.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock worth $2,142,000 after acquiring an additional 752,000 shares during the period. Millennium Management LLC purchased a new position in Amprius Technologies in the fourth quarter valued at about $2,009,000. Finally, Two Sigma Investments LP grew its position in shares of Amprius Technologies by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock valued at $1,241,000 after acquiring an additional 338,524 shares during the period. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.