Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) PT at $10.00

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.00.

Several brokerages have issued reports on AMPX. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Thursday, April 4th. Alliance Global Partners decreased their price target on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 10th. B. Riley decreased their price target on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a research note on Friday, March 22nd.

Amprius Technologies Price Performance

AMPX stock opened at $1.09 on Monday. The company has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $3.01. The stock has a market cap of $102.98 million, a price-to-earnings ratio of -2.53 and a beta of 2.74. Amprius Technologies has a 1 year low of $1.08 and a 1 year high of $9.51.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. The business had revenue of $2.34 million during the quarter, compared to analysts’ expectations of $1.70 million. During the same period in the prior year, the company earned ($0.11) EPS. On average, equities research analysts anticipate that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Justin E. Mirro sold 260,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $1.13, for a total value of $293,800.00. Following the completion of the transaction, the director now directly owns 1,467,142 shares in the company, valued at $1,657,870.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amprius Technologies news, insider Kang Sun sold 19,973 shares of Amprius Technologies stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total transaction of $26,564.09. Following the completion of the sale, the insider now directly owns 1,399,697 shares in the company, valued at $1,861,597.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $1.13, for a total transaction of $293,800.00. Following the sale, the director now owns 1,467,142 shares of the company’s stock, valued at $1,657,870.46. The disclosure for this sale can be found here. Insiders sold 575,794 shares of company stock worth $705,406 over the last quarter. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds have recently bought and sold shares of AMPX. Tower Research Capital LLC TRC raised its stake in shares of Amprius Technologies by 45.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after acquiring an additional 3,575 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of Amprius Technologies during the third quarter worth approximately $60,000. International Assets Investment Management LLC purchased a new position in shares of Amprius Technologies during the fourth quarter worth approximately $710,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Amprius Technologies during the fourth quarter worth approximately $84,000. 5.04% of the stock is currently owned by 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.