Amprius Technologies (NYSE:AMPX) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Amprius Technologies (NYSE:AMPX) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $10.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Amprius Technologies’ FY2024 earnings at ($0.45) EPS and FY2025 earnings at ($0.35) EPS.

Several other research analysts also recently issued reports on AMPX. Northland Securities upped their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Finally, Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and an average price target of $9.29.

Amprius Technologies Stock Down 3.0 %

NYSE:AMPX opened at $3.36 on Tuesday. The business’s 50 day moving average is $2.45 and its two-hundred day moving average is $1.64. The company has a market cap of $355.09 million, a PE ratio of -7.46 and a beta of 2.42. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.70.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The business had revenue of $7.86 million during the quarter, compared to analysts’ expectations of $7.70 million. During the same quarter last year, the firm posted ($0.10) earnings per share. As a group, sell-side analysts expect that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the sale, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the sale, the chief financial officer now directly owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,903 shares of company stock valued at $86,050 over the last 90 days. 12.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently modified their holdings of AMPX. Kingswood Wealth Advisors LLC acquired a new position in Amprius Technologies in the fourth quarter valued at about $30,000. Hamilton Lane Advisors LLC acquired a new stake in shares of Amprius Technologies during the fourth quarter worth $129,000. JPMorgan Chase & Co. lifted its holdings in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,939 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after acquiring an additional 6,700 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Amprius Technologies by 50.9% in the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after buying an additional 184,863 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.