Amprius Technologies (NYSE:AMPX) Rating Increased to Outperform at William Blair

William Blair upgraded shares of Amprius Technologies (NYSE:AMPX - Free Report) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, Marketbeat.com reports.

Other research analysts have also recently issued reports about the company. Oppenheimer boosted their price target on Amprius Technologies from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. B. Riley reissued a "buy" rating and issued a $10.00 target price (up previously from $6.00) on shares of Amprius Technologies in a report on Thursday, July 10th. Roth Mkm restated a "buy" rating and set a $6.00 target price on shares of Amprius Technologies in a research report on Friday, March 21st. Finally, HC Wainwright reiterated a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Friday, March 21st. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amprius Technologies presently has an average rating of "Buy" and an average price target of $10.17.

Amprius Technologies Stock Performance

Shares of AMPX stock traded up $0.63 during trading hours on Friday, reaching $8.69. The company had a trading volume of 19,866,214 shares, compared to its average volume of 3,393,106. The firm has a market cap of $1.02 billion, a PE ratio of -21.20 and a beta of 2.68. The business has a fifty day moving average price of $4.00 and a 200-day moving average price of $3.19. Amprius Technologies has a one year low of $0.61 and a one year high of $9.00.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $11.28 million for the quarter, compared to analysts' expectations of $8.52 million. Amprius Technologies had a negative net margin of 133.34% and a negative return on equity of 67.67%. Equities research analysts forecast that Amprius Technologies will post -0.45 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 20,366 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $2.43, for a total transaction of $49,489.38. Following the completion of the transaction, the chief technology officer directly owned 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sandra Wallach sold 27,595 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $2.43, for a total transaction of $67,055.85. Following the sale, the chief financial officer directly owned 1,033,665 shares in the company, valued at $2,511,805.95. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,747 shares of company stock valued at $286,125. 12.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after buying an additional 3,055 shares during the period. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 61.1% in the 1st quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after acquiring an additional 5,951 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Amprius Technologies during the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Amprius Technologies in the 2nd quarter valued at approximately $42,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Amprius Technologies during the first quarter worth $40,000. 5.04% of the stock is currently 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.