Cantor Fitzgerald Initiates Coverage on Amprius Technologies (NYSE:AMPX)

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Amprius Technologies (NYSE:AMPX - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $10.00 price target on the stock. Cantor Fitzgerald's price target would indicate a potential upside of 190.02% from the company's previous close.

AMPX has been the topic of a number of other reports. HC Wainwright reiterated a "buy" rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Northland Capmk upgraded Amprius Technologies to a "strong-buy" rating in a report on Wednesday, October 2nd. Finally, Northland Securities increased their target price on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $9.29.

Amprius Technologies Stock Performance

Shares of AMPX stock traded up $0.17 during trading hours on Tuesday, hitting $3.45. 5,368,908 shares of the company were exchanged, compared to its average volume of 4,880,123. The firm has a market cap of $364.94 million, a P/E ratio of -7.66 and a beta of 2.42. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $4.70. The company has a 50 day simple moving average of $2.43 and a two-hundred day simple moving average of $1.63.

Amprius Technologies (NYSE:AMPX - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The company had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same quarter last year, the firm posted ($0.10) EPS. As a group, sell-side analysts expect that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Amprius Technologies

In other news, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The stock was 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 $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,903 shares of company stock worth $86,050. Corporate insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

A number of hedge funds have recently made changes to their positions in AMPX. XTX Topco Ltd purchased a new stake in Amprius Technologies in the 2nd quarter worth about $72,000. AQR Capital Management LLC purchased a new stake in Amprius Technologies in the 2nd quarter worth about $99,000. B. Riley Wealth Advisors Inc. increased its holdings in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company's stock worth $29,000 after acquiring an additional 10,300 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company's stock worth $304,000 after acquiring an additional 152,102 shares during the last quarter. Finally, State Street Corp increased its holdings in Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after acquiring an additional 12,900 shares during the last quarter. 5.04% of the stock is currently owned by 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.