Amprius Technologies (NYSE:AMPX) Given Buy Rating at Roth Mkm

Amprius Technologies (NYSE:AMPX)‘s stock had its “buy” rating reissued by stock analysts at Roth Mkm in a report released on Friday,Benzinga reports. They currently have a $6.00 price target on the stock. Roth Mkm’s price objective points to a potential upside of 125.99% from the company’s previous close.

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

Amprius Technologies Trading Up 14.9 %

Shares of AMPX stock traded up $0.35 during trading hours on Friday, reaching $2.66. The company’s stock had a trading volume of 3,094,256 shares, compared to its average volume of 1,939,780. Amprius Technologies has a one year low of $0.61 and a one year high of $4.21. The stock has a market capitalization of $281.00 million, a P/E ratio of -5.88 and a beta of 2.56. The firm’s fifty day simple moving average is $2.92 and its 200 day simple moving average is $2.10.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, beating 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 business had revenue of $10.63 million for the quarter, compared to analysts’ expectations of $7.12 million. As a group, equities research analysts forecast that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Amprius Technologies

In other news, insider Jonathan Bornstein sold 13,527 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $42,339.51. Following the sale, the insider now owns 419,197 shares in the company, valued at $1,312,086.61. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $28,376.58. Following the sale, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,088 shares of company stock valued at $235,025. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in Amprius Technologies by 49.4% during the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after acquiring an additional 3,222 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Amprius Technologies during the fourth quarter valued at approximately $28,000. JPMorgan Chase & Co. lifted its position in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,939 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Amprius Technologies in the fourth quarter worth approximately $30,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after purchasing an additional 6,700 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

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.