Amprius Technologies (NYSE:AMPX) Lifted to “Strong-Buy” at Northland Capmk

Amprius Technologies (NYSE:AMPX) was upgraded by stock analysts at Northland Capmk to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.

Other research analysts have also issued research reports about the company. B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. Roth Mkm reduced their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Northland Securities reduced their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Oppenheimer reduced their price target on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, HC Wainwright reiterated a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $8.17.

Amprius Technologies Stock Up 6.5 %

Shares of AMPX opened at $1.07 on Wednesday. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $6.02. The firm’s fifty day moving average is $1.02 and its two-hundred day moving average is $1.44. The stock has a market cap of $114.98 million, a PE ratio of -2.48 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The company had revenue of $3.35 million for the quarter, compared to analysts’ expectations of $2.45 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. As a group, research analysts anticipate that Amprius Technologies will post -0.49 earnings per share for the current year.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the sale, the chief executive officer now directly owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of Amprius Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total value of $135,000.00. Following the completion of the transaction, the director now directly owns 1,510,000 shares of the company’s stock, valued at $1,510,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 469,683 shares of company stock worth $425,318. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Amprius Technologies during the second quarter worth about $99,000. Finally, XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the second quarter worth about $72,000. 5.04% of the stock is owned by institutional investors and hedge funds.

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.