Amprius Technologies (NYSE:AMPX) Earns "Buy" Rating from Roth Mkm

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

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

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Amprius Technologies Trading Up 11.3 %

Shares of Amprius Technologies stock traded up $0.35 on Friday, reaching $3.46. 7,643,163 shares of the company were exchanged, compared to its average volume of 2,000,072. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $4.21. The firm has a market capitalization of $366.20 million, a price-to-earnings ratio of -7.69 and a beta of 2.56. The stock has a fifty day moving average price of $2.91 and a 200-day moving average price of $2.13.

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, beating analysts' consensus estimates of ($0.11) by $0.01. The company had revenue of $10.63 million during the quarter, compared to analyst estimates of $7.12 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. On average, equities analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 shares of the stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $42,339.51. Following the completion of the sale, the insider now owns 419,197 shares of the company's stock, valued at approximately $1,312,086.61. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,088 shares of company stock worth $235,025. 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 stock. Rhumbline Advisers boosted its holdings in Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after acquiring an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies during the 4th quarter worth about $28,000. JPMorgan Chase & Co. increased its position in Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after buying an additional 20,939 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Amprius Technologies during the fourth quarter worth approximately $30,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of 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. Institutional investors and hedge funds own 5.04% of the company's stock.

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.