Amprius Technologies’ (AMPX) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a research note issued to investors on Friday,Benzinga reports. They currently have a $6.00 price target on the stock.

Several other research firms also recently weighed in on AMPX. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Friday. B. Riley boosted their target price on Amprius Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday. Northland Securities raised their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Oppenheimer lifted their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $9.43.

Amprius Technologies Trading Up 34.4 %

AMPX opened at $3.11 on Friday. The stock has a market capitalization of $328.63 million, a P/E ratio of -6.90 and a beta of 2.56. The stock has a 50-day moving average price of $2.91 and a 200-day moving average price of $2.12. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 71.39% and a negative net margin of 245.92%. On average, equities research analysts predict that Amprius Technologies will post -0.45 EPS for the current year.

Insider Transactions at Amprius Technologies

In related news, CEO Kang Sun sold 34,353 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $107,524.89. Following the completion of the transaction, the chief executive officer now directly owns 1,282,621 shares of the company’s stock, valued at $4,014,603.73. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the completion of the sale, the chief technology officer now owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,088 shares of company stock worth $235,025. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $4,081,000. Invesco Ltd. lifted its position in Amprius Technologies by 56.5% during the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock valued at $6,957,000 after buying an additional 897,222 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after buying an additional 752,000 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Amprius Technologies in the 4th quarter worth about $2,009,000. Finally, Two Sigma Investments LP increased its stake in shares of 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 acquiring an additional 338,524 shares in the last quarter. 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.