Amprius Technologies (NYSE:AMPX) Receives Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Amprius Technologies (NYSE:AMPX - Free Report) in a research report report published on Monday,Benzinga reports. They currently have a $10.00 price target on the stock.

Several other equities research analysts also recently weighed in on AMPX. Northland Securities cut their target price on shares of Amprius Technologies from $10.00 to $4.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Oppenheimer dropped their price objective on shares of Amprius Technologies from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Roth Mkm dropped their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Northland Capmk raised shares of Amprius Technologies to a "strong-buy" rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $8.17.

Amprius Technologies Price Performance

Shares of AMPX stock traded up $0.72 during trading hours on Monday, hitting $2.45. The company had a trading volume of 10,458,807 shares, compared to its average volume of 961,247. The company's fifty day moving average is $1.15 and its 200 day moving average is $1.28. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $6.02. The stock has a market capitalization of $272.07 million, a PE ratio of -4.51 and a beta of 2.42.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The company had revenue of $3.35 million during the quarter, compared to analyst estimates of $2.45 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Equities analysts forecast that Amprius Technologies will post -0.51 earnings per share for the current year.

Insider Transactions at Amprius Technologies

In other news, Director Justin E. Mirro sold 250,000 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total value of $202,500.00. Following the completion of the sale, the director now owns 1,195,000 shares in the company, valued at approximately $967,950. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kang Sun sold 33,333 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the transaction, the chief executive officer now owns 1,350,753 shares in the company, valued at $1,404,783.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the transaction, the director now owns 1,195,000 shares of the company's stock, valued at $967,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,683 shares of company stock worth $425,318. Company insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in Amprius Technologies during the 2nd quarter valued at about $99,000. XTX Topco Ltd purchased a new position in Amprius Technologies during the 2nd quarter valued at about $72,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company's stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors 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.