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

HC Wainwright reissued their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a report released on Monday,Benzinga reports. The firm currently has a $10.00 price objective on the stock.

Several other research firms have also recently weighed in on AMPX. Oppenheimer decreased their price target on shares of 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 target on shares of 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 shares of 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 raised shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.17.

Amprius Technologies Trading Up 40.5 %

Amprius Technologies stock opened at $2.43 on Monday. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $6.02. The business’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $1.28.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 69.76% and a negative net margin of 245.92%. The business had revenue of $7.86 million for the quarter, compared to the consensus estimate of $7.70 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Sell-side analysts expect that Amprius Technologies will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the sale, the director now directly owns 1,195,000 shares in the company, valued at $967,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the sale, the chief executive officer now directly owns 1,350,753 shares in the company, valued at $1,404,783.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Justin E. Mirro sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the sale, the director now owns 1,195,000 shares of the company’s stock, valued at approximately $967,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 469,683 shares of company stock worth $425,318. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Amprius Technologies during the second quarter worth about $72,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of Amprius Technologies during the second quarter worth about $99,000. 5.04% of the stock is currently owned by hedge funds and other 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.