Amprius Technologies' (AMPX) "Buy" Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Amprius Technologies (NYSE:AMPX - Free Report) in a report issued on Friday morning,Benzinga reports. They currently have a $6.00 price objective on the stock.

A number of other brokerages have also commented on AMPX. Oppenheimer upped their target price on Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Friday. Northland Securities increased their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. B. Riley boosted their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Friday. Finally, Cantor Fitzgerald began coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They issued an "overweight" rating and a $10.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $9.43.

Amprius Technologies Stock Performance

AMPX stock remained flat at $3.30 during trading on Friday. 6,376,218 shares of the company were exchanged, compared to its average volume of 2,014,421. The firm has a market cap of $349.27 million, a P/E ratio of -7.33 and a beta of 2.56. Amprius Technologies has a one year low of $0.61 and a one year high of $4.21. The business has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $2.17.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. As a group, analysts expect that Amprius Technologies will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other Amprius Technologies news, CEO Kang Sun sold 34,353 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 $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandra Wallach sold 18,142 shares of the firm's 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 $56,784.46. Following the completion of the sale, the chief financial officer now directly owns 678,000 shares of the company's stock, valued at $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock valued at $235,025 over the last quarter. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in shares of Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock worth $27,000 after buying an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Amprius Technologies during the 4th quarter valued at about $28,000. Kingswood Wealth Advisors LLC acquired a new position in Amprius Technologies during the fourth quarter worth about $30,000. O Dell Group LLC acquired a new position in Amprius Technologies during the fourth quarter worth about $35,000. Finally, Bank of America Corp DE lifted its holdings in shares of Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock valued at $36,000 after purchasing an additional 3,055 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other 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.