B. Riley Raises Amprius Technologies (NYSE:AMPX) Price Target to $6.00

Amprius Technologies (NYSE:AMPX - Get Free Report) had its target price lifted by research analysts at B. Riley from $5.00 to $6.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley's price objective suggests a potential upside of 73.41% from the company's current price.

Several other equities analysts have also recently issued reports on AMPX. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Friday. Cantor Fitzgerald started coverage on Amprius Technologies in a research report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price objective on the stock. Finally, Northland Securities lifted their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $9.43.

Amprius Technologies Stock Up 11.3 %

Shares of NYSE AMPX traded up $0.35 during trading on Friday, reaching $3.46. The company had a trading volume of 7,643,163 shares, compared to its average volume of 3,689,968. The business's 50-day moving average is $2.91 and its 200 day moving average is $2.13. The stock has a market cap of $366.20 million, a PE ratio of -7.69 and a beta of 2.56. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.20.

Remove Ads

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. The business 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, analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 shares of the 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 transaction, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Bornstein sold 13,527 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $42,339.51. Following the sale, the insider now directly owns 419,197 shares of the company's stock, valued at approximately $1,312,086.61. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in shares of Amprius Technologies by 55.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company's stock worth $127,000 after purchasing an additional 16,300 shares during the period. Wolverine Trading LLC bought a new position in Amprius Technologies in the 4th quarter worth $48,000. Two Sigma Advisers LP purchased a new stake in Amprius Technologies in the 4th quarter worth $128,000. Two Sigma Investments LP raised its holdings in Amprius Technologies by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock valued at $1,241,000 after acquiring an additional 338,524 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Amprius Technologies in the fourth quarter valued at about $2,009,000. 5.04% of the stock is owned by hedge funds and other 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.