Amprius Technologies' (AMPX) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Amprius Technologies (NYSE:AMPX - Free Report) in a research note released on Friday,Benzinga reports. HC Wainwright currently has a $10.00 price target 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.

Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price objective on the stock. Northland Securities increased their price target on Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $9.43.

Amprius Technologies Stock Up 11.3 %

Shares of AMPX stock traded up $0.35 during trading hours on Friday, hitting $3.46. 7,643,163 shares of the company's stock traded hands, compared to its average volume of 3,689,968. The stock's fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $2.13. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.20. The stock has a market cap of $366.20 million, a price-to-earnings ratio of -7.69 and a beta of 2.56.

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Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, beating 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 $10.63 million for the quarter, compared to the consensus estimate of $7.12 million. On average, equities analysts forecast that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the sale, the chief financial officer now owns 678,000 shares in the company, valued at $2,122,140. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kang Sun sold 34,353 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares of the company's stock, valued at approximately $4,014,603.73. This represents a 2.61 % 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 valued at $235,025. Company insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew 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 valued at $304,000 after buying an additional 152,102 shares in the last quarter. State Street Corp increased its position in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after purchasing an additional 12,900 shares during the last quarter. Geode Capital Management LLC raised its stake in Amprius Technologies by 50.9% during the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company's stock valued at $608,000 after purchasing an additional 184,863 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock valued at $31,000 after purchasing an additional 6,700 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock valued at $30,000 after purchasing an additional 20,939 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.