Amprius Technologies’ (AMPX) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a report released on Monday morning,Benzinga reports. They currently have a $10.00 price objective on the stock.

Several other brokerages have also recently commented on AMPX. Oppenheimer reduced their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Northland Securities cut their price target on 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 reduced their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company 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 analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and a consensus target price of $8.17.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $2.23 on Monday. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $6.02. The company’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.29.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 7th. 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 $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. During the same quarter in the prior year, the company earned ($0.10) EPS. Analysts forecast that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the sale, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $0.81, for a total value 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. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 469,683 shares of company stock valued at $425,318 in the last three months. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after acquiring an additional 10,300 shares during the last quarter. XTX Topco Ltd bought a new position in Amprius Technologies in the second quarter valued at about $72,000. AQR Capital Management LLC acquired a new stake in Amprius Technologies in the second quarter worth about $99,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

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.