Amprius Technologies’ (AMPX) Buy Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a report released on Friday,Benzinga reports. The brokerage currently has a $6.00 price target on the stock.

Several other equities research analysts also recently issued reports on the company. Oppenheimer raised their price target on Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday. HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Friday. Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target for the company. B. Riley boosted their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday. Finally, Northland Securities raised their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $9.43.

Amprius Technologies Trading Up 34.4 %

NYSE AMPX opened at $3.11 on Friday. The firm’s fifty day moving average price is $2.91 and its two-hundred day moving average price is $2.13. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $4.21. The firm has a market capitalization of $328.63 million, a P/E ratio of -6.90 and a beta of 2.56.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $10.63 million during the quarter, compared to analysts’ expectations 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.

Insider Buying and Selling at Amprius Technologies

In related news, CEO Kang Sun sold 34,353 shares of Amprius Technologies 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 directly owns 1,282,621 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Bornstein sold 13,527 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $42,339.51. Following the transaction, the insider now directly owns 419,197 shares in the company, valued at $1,312,086.61. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,088 shares of company stock worth $235,025 over the last quarter. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors have recently made changes to their positions in AMPX. Rhumbline Advisers grew its position in Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after purchasing an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Amprius Technologies during the fourth quarter valued at $28,000. JPMorgan Chase & Co. lifted its position in shares of Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after buying an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Amprius Technologies during the 4th quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares in the last quarter. 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.