B. Riley Issues Positive Forecast for Amprius Technologies (NYSE:AMPX) Stock Price

Amprius Technologies (NYSE:AMPX - Get Free Report) had its price target boosted by equities research analysts at B. Riley from $5.00 to $6.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley's price target indicates a potential upside of 81.82% from the stock's current price.

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

Amprius Technologies Price Performance

Shares of AMPX stock remained flat at $3.30 during mid-day trading on Friday. The company's stock had a trading volume of 6,376,218 shares, compared to its average volume of 2,014,421. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.21. The stock has a 50-day moving average of $2.91 and a 200-day moving average of $2.17. The firm has a market capitalization of $349.27 million, a price-to-earnings ratio of -7.33 and a beta of 2.56.

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, topping 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%. Sell-side analysts predict that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Activity

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 shares were sold at an average price of $3.13, for a total transaction of $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the company'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 transaction of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares in the company, valued at $1,319,260.57. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,088 shares of company stock worth $235,025. Insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Board of Trustees of The Leland Stanford Junior University purchased a new position in Amprius Technologies in the 4th quarter worth $4,081,000. Invesco Ltd. raised its stake in shares of Amprius Technologies by 56.5% in the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after purchasing an additional 897,222 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Amprius Technologies by 5,740.5% in the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after purchasing an additional 752,000 shares during the last quarter. Millennium Management LLC purchased a new stake in Amprius Technologies in the fourth quarter valued at approximately $2,009,000. Finally, Two Sigma Investments LP increased its holdings in Amprius Technologies by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock worth $1,241,000 after buying an additional 338,524 shares during the period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.