Amprius Technologies (NYSE:AMPX) Earns Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Amprius Technologies (NYSE:AMPX - Free Report) in a research report released on Friday morning,Benzinga reports. HC Wainwright currently has a $10.00 price objective on the stock. HC Wainwright also issued estimates for Amprius Technologies' Q1 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2029 earnings at $0.28 EPS.

A number of other research analysts also recently weighed in on AMPX. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an "overweight" rating and a $10.00 price objective for the company. Northland Securities upped their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amprius Technologies has an average rating of "Buy" and a consensus target price of $9.43.

Amprius Technologies Price Performance

Amprius Technologies stock remained flat at $3.30 during midday trading on Friday. The company had a trading volume of 6,376,218 shares, compared to its average volume of 2,014,421. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21. The company has a market cap of $349.27 million, a price-to-earnings ratio of -7.33 and a beta of 2.56. The stock's fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $2.17.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) 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 business had revenue of $10.63 million for the quarter, compared to analysts' expectations of $7.12 million. Equities research analysts expect that Amprius Technologies will post -0.45 earnings per share for the current year.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, insider Jonathan Bornstein sold 13,527 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 transaction of $42,339.51. Following the completion of the sale, the insider now directly owns 419,197 shares in the company, valued at approximately $1,312,086.61. The trade was a 3.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value 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. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock valued at $235,025 over the last 90 days. Corporate insiders own 12.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after buying an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Amprius Technologies during the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC purchased a new stake in Amprius Technologies during the 4th quarter valued at about $30,000. O Dell Group LLC acquired a new stake in Amprius Technologies in the 4th quarter valued at about $35,000. Finally, Bank of America Corp DE lifted 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 worth $36,000 after purchasing an additional 3,055 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.