Roth Mkm Reiterates “Buy” Rating for Amprius Technologies (NYSE:AMPX)

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

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

Amprius Technologies Trading Up 34.4 %

Shares of Amprius Technologies stock opened at $3.11 on Friday. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21. The company’s fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $2.13. The company has a market cap 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 data 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. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The business had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. Analysts predict that Amprius Technologies will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $56,784.46. Following the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the transaction, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,088 shares of company stock worth $235,025. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake 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 acquiring an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Amprius Technologies in the 4th quarter worth about $28,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at approximately $30,000. O Dell Group LLC bought a new position in shares of Amprius Technologies during the 4th quarter valued at approximately $35,000. Finally, Bank of America Corp DE raised its holdings in Amprius Technologies by 31.1% during the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock valued at $36,000 after buying an additional 3,055 shares during the period. 5.04% of the stock is owned by 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.