Amprius Technologies' (AMPX) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (e+)" rating for Amprius Technologies (NYSE: AMPX), signaling caution to investors.
• Amprius Technologies' stock decreased by 1.7%, closing at $12.46, following the latest ratings updates.
• Despite the negative outlook from Weiss Ratings, multiple analysts have issued "buy" ratings with target prices ranging from $10.00 to $20.00, indicating a mixed sentiment among market participants.

Amprius Technologies (NYSE:AMPX - Get Free Report)'s stock had its "sell (e+)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently weighed in on the stock. HC Wainwright reiterated a "buy" rating and issued a $18.00 price target (up previously from $10.00) on shares of Amprius Technologies in a report on Friday, August 8th. Northland Securities set a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday. B. Riley lifted their price objective on shares of Amprius Technologies from $10.00 to $11.00 and gave the company a "buy" rating in a report on Friday, August 8th. Roth Capital restated a "buy" rating and set a $10.00 target price (up from $6.00) on shares of Amprius Technologies in a research report on Tuesday, August 5th. Finally, William Blair upgraded Amprius Technologies from a "market perform" rating to an "outperform" rating in a research report on Friday, July 18th. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.14.

Amprius Technologies Stock Down 1.7%

Shares of Amprius Technologies stock traded down $0.21 during trading on Wednesday, reaching $12.46. 7,682,061 shares of the stock were exchanged, compared to its average volume of 5,717,579. The stock's fifty day moving average is $8.73 and its 200 day moving average is $5.45. Amprius Technologies has a 1 year low of $1.14 and a 1 year high of $14.07. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -37.76 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. Amprius Technologies had a negative return on equity of 55.79% and a negative net margin of 84.77%.The company had revenue of $15.07 million during the quarter, compared to analyst estimates of $12.38 million. Equities analysts forecast that Amprius Technologies will post -0.45 earnings per share for the current year.

Insider Activity at Amprius Technologies

In related news, CEO Kang Sun sold 65,654 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total value of $447,760.28. Following the sale, the chief executive officer directly owned 1,472,306 shares of the company's stock, valued at approximately $10,041,126.92. This represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Constantin Ionel Stefan sold 19,159 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $6.82, for a total transaction of $130,664.38. Following the completion of the transaction, the chief technology officer owned 846,975 shares in the company, valued at approximately $5,776,369.50. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,203 shares of company stock worth $772,044 in the last 90 days. 12.90% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new position in Amprius Technologies during the second quarter valued at about $213,000. BNP Paribas Financial Markets grew its holdings in shares of Amprius Technologies by 2,677.3% during the second quarter. BNP Paribas Financial Markets now owns 159,614 shares of the company's stock valued at $672,000 after buying an additional 153,867 shares in the last quarter. Bank of America Corp DE boosted its position in Amprius Technologies by 50.7% during the 2nd quarter. Bank of America Corp DE now owns 126,779 shares of the company's stock worth $534,000 after acquiring an additional 42,625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Amprius Technologies by 419.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,041 shares of the company's stock valued at $215,000 after buying an additional 41,208 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Amprius Technologies during the 2nd quarter valued at $144,000. 5.04% of the stock is owned by institutional investors.

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.

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