Amprius Technologies (NYSE:AMPX) Now Covered by Cantor Fitzgerald

Research analysts at Cantor Fitzgerald began coverage on shares of Amprius Technologies (NYSE:AMPX - Get Free Report) in a research note issued on Tuesday, Marketbeat reports. The firm set an "overweight" rating and a $10.00 price target on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 206.28% from the stock's current price.

A number of other research analysts also recently commented on AMPX. Northland Capmk raised shares of Amprius Technologies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Northland Securities boosted their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Finally, HC Wainwright restated a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $9.29.

Amprius Technologies Trading Down 2.8 %

Shares of Amprius Technologies stock traded down $0.10 on Tuesday, hitting $3.27. 4,632,001 shares of the company traded hands, compared to its average volume of 4,838,523. The company has a market cap of $345.57 million, a PE ratio of -7.26 and a beta of 2.42. The stock's 50 day moving average price is $2.42 and its 200-day moving average price is $1.62. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.70.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating 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 $7.86 million during the quarter, compared to analyst estimates of $7.70 million. During the same period in the previous year, the company posted ($0.10) EPS. As a group, research analysts anticipate that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insider Transactions at Amprius Technologies

In related news, insider Jonathan Bornstein sold 18,170 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the transaction, the insider now owns 454,131 shares in the company, valued at $890,096.76. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandra Wallach sold 17,158 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the sale, the chief financial officer now owns 696,142 shares in the company, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,903 shares of company stock valued at $86,050. Corporate insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. boosted its stake in shares of Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company's stock worth $29,000 after buying an additional 10,300 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock valued at $30,000 after acquiring an additional 20,939 shares during the period. XTX Topco Ltd acquired a new stake in shares of Amprius Technologies during the 2nd quarter worth approximately $72,000. AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies during the 2nd quarter worth approximately $99,000. Finally, Hamilton Lane Advisors LLC purchased a new position in shares of Amprius Technologies during the 4th quarter valued at approximately $129,000. 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.