Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) PT at $9.43

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.43.

A number of equities research analysts recently commented on AMPX shares. Oppenheimer upped their target price on Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, March 21st. B. Riley upped their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Friday, March 21st. Northland Securities raised their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price target on shares of Amprius Technologies in a report on Friday, March 21st. Finally, Cantor Fitzgerald assumed coverage on Amprius Technologies in a research report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock.

Amprius Technologies Stock Up 3.6 %

AMPX opened at $2.43 on Friday. The company has a market cap of $285.97 million, a P/E ratio of -5.39 and a beta of 2.17. The firm’s 50-day moving average price is $2.67 and its 200-day moving average price is $2.33. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.21.

Amprius Technologies (NYSE:AMPX) last issued its 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. The company had revenue of $10.63 million during the quarter, compared to analyst estimates of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. On average, research analysts anticipate that Amprius Technologies will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 1,282,621 shares in the company, valued at $4,014,603.73. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandra Wallach sold 18,142 shares of the company’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 $56,784.46. Following the transaction, the chief financial officer now directly owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,088 shares of company stock worth $235,025. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after buying an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Amprius Technologies in the fourth quarter worth approximately $28,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Amprius Technologies in the fourth quarter worth approximately $30,000. O Dell Group LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter worth approximately $35,000. Finally, Bank of America Corp DE raised its stake in Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after purchasing an additional 3,055 shares during the last quarter. Institutional investors and hedge funds 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.