Amprius Technologies (NYSE:AMPX) Stock Rating Upgraded by B. Riley

Amprius Technologies (NYSE:AMPX) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

A number of other research analysts also recently issued reports on AMPX. HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note 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 note on Friday, May 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $15.00 price target on shares of Amprius Technologies in a research note on Friday, March 22nd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amprius Technologies has a consensus rating of “Buy” and a consensus price target of $10.00.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $1.21 on Tuesday. The stock has a market capitalization of $114.31 million, a P/E ratio of -2.81 and a beta of 2.74. The company has a 50 day moving average price of $1.53 and a 200 day moving average price of $2.85. Amprius Technologies has a fifty-two week low of $1.01 and a fifty-two week high of $8.37.

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

Insider Transactions at Amprius Technologies

In other news, insider Kang Sun sold 19,973 shares of the business’s 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 owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kang Sun sold 19,973 shares of the business’s 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 owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justin E. Mirro sold 260,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 approximately $1,657,870.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 575,794 shares of company stock worth $705,406. 12.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently modified their holdings of AMPX. Invesco Ltd. acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at $8,006,000. Kestra Advisory Services LLC acquired a new position in shares of Amprius Technologies in the 3rd quarter valued at $484,000. Barclays PLC increased its holdings in shares of Amprius Technologies by 2,623.0% in 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 acquired a new position in shares of Amprius Technologies in the 4th quarter valued at $84,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Amprius Technologies in the 4th quarter valued at $710,000. 5.04% of the stock is owned by institutional investors and hedge funds.

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.