Amprius Technologies (NYSE:AMPX - Get Free Report) had its price objective boosted by equities researchers at Northland Securities from $4.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Northland Securities' target price suggests a potential upside of 179.33% from the stock's current price.
A number of other research firms have also issued reports on AMPX. HC Wainwright reissued a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Capmk raised shares of Amprius Technologies to a "strong-buy" rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $9.17.
Read Our Latest Research Report on AMPX
Amprius Technologies Stock Performance
Shares of NYSE:AMPX traded up $0.55 during midday trading on Friday, hitting $3.58. 9,394,061 shares of the company's stock traded hands, compared to its average volume of 6,001,051. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $5.26. The company has a market cap of $378.90 million, a PE ratio of -7.96 and a beta of 2.42. The firm's fifty day moving average price is $2.20 and its two-hundred day moving average price is $1.52.
Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The firm had revenue of $7.86 million for the quarter, compared to the consensus estimate of $7.70 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, equities research analysts anticipate that Amprius Technologies will post -0.44 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Jonathan Bornstein sold 18,170 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 17,158 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction 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. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock worth $86,050 in the last ninety days. 12.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Amprius Technologies
A number of large investors have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. increased its stake 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 valued at $29,000 after buying an additional 10,300 shares during the period. JPMorgan Chase & Co. increased its stake in Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock valued at $30,000 after buying an additional 20,939 shares during the period. XTX Topco Ltd acquired a new position in Amprius Technologies in the 2nd quarter valued at approximately $72,000. AQR Capital Management LLC acquired a new position in Amprius Technologies in the 2nd quarter valued at approximately $99,000. Finally, Charles Schwab Investment Management Inc. increased its stake 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 valued at $304,000 after buying an additional 152,102 shares during the period. Institutional investors and hedge funds own 5.04% of the company's stock.
About Amprius Technologies
(
Get Free Report)
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.
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