Northland Securities Trims Amprius Technologies (NYSE:AMPX) Target Price to $4.00

Amprius Technologies (NYSE:AMPX) had its price target cut by Northland Securities from $10.00 to $4.00 in a report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

AMPX has been the subject of several other reports. Oppenheimer lowered their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an outperform rating for the company in a research note on Friday, August 9th. B. Riley raised Amprius Technologies to a strong-buy rating in a research report on Tuesday, June 25th. Alliance Global Partners reduced their target price on Amprius Technologies from $10.00 to $9.00 and set a buy rating on the stock in a research report on Friday, May 10th. HC Wainwright restated a buy rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday. Finally, Roth Mkm dropped their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a buy rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amprius Technologies presently has a consensus rating of Buy and a consensus target price of $8.17.

Amprius Technologies Trading Up 5.7 %

Amprius Technologies stock opened at $1.11 on Tuesday. The stock has a 50-day moving average price of $1.22 and a 200 day moving average price of $2.07. Amprius Technologies has a 52 week low of $1.01 and a 52 week high of $6.02. The stock has a market cap of $119.84 million, a PE ratio of -2.58 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $3.35 million for the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts predict that Amprius Technologies will post -0.43 EPS for the current year.

Insider Transactions at Amprius Technologies

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

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently modified their holdings of AMPX. Tower Research Capital LLC TRC lifted its position in Amprius Technologies by 45.9% during the 4th 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. lifted its position 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 purchasing an additional 3,575 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Amprius Technologies during the fourth quarter worth $710,000. XTX Topco Ltd purchased a new position in shares of Amprius Technologies in the second quarter valued at $72,000. Finally, AQR Capital Management LLC acquired a new stake in Amprius Technologies during the 2nd quarter valued at $99,000. Institutional investors and hedge funds 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.