B. Riley Lowers Amprius Technologies (NYSE:AMPX) Price Target to $6.00

Amprius Technologies (NYSE:AMPX) had its target price lowered by equities researchers at B. Riley from $8.00 to $6.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective suggests a potential upside of 198.51% from the company’s current price. B. Riley also issued estimates for Amprius Technologies’ FY2026 earnings at $0.15 EPS.

A number of other brokerages have also weighed in on AMPX. HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Thursday, April 4th. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a research report on Thursday, January 11th. Oppenheimer reissued an “outperform” rating and set a $15.00 price target on shares of Amprius Technologies in a research report on Friday, March 22nd. Finally, Roth Mkm initiated coverage on shares of Amprius Technologies in a research report on Thursday, January 11th. They set a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Amprius Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $10.20.

Amprius Technologies Stock Performance

Shares of AMPX opened at $2.01 on Tuesday. The firm has a market cap of $184.11 million, a price-to-earnings ratio of -4.67 and a beta of 2.84. Amprius Technologies has a fifty-two week low of $1.56 and a fifty-two week high of $10.63. The firm has a 50 day moving average price of $2.45 and a 200-day moving average price of $3.42.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $3.94 million during the quarter, compared to analyst estimates of $2.60 million. Amprius Technologies had a negative net margin of 406.23% and a negative return on equity of 56.74%. During the same period in the previous year, the business posted ($0.07) EPS. As a group, equities research analysts predict that Amprius Technologies will post -0.42 earnings per share for the current year.

Insider Transactions at Amprius Technologies

In other news, insider Jonathan Bornstein sold 109,800 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently modified their holdings of AMPX. Invesco Ltd. purchased a new stake in shares of Amprius Technologies in the 3rd quarter worth about $8,006,000. Kestra Advisory Services LLC purchased a new position in Amprius Technologies during the 3rd quarter valued at about $484,000. Barclays PLC lifted its position in Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after acquiring an additional 28,092 shares during the period. FNY Investment Advisers LLC purchased a new position in Amprius Technologies during the 4th quarter valued at about $84,000. Finally, International Assets Investment Management LLC purchased a new position in Amprius Technologies during the 4th quarter valued at about $710,000. 5.04% of the stock is owned by hedge funds and other 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.