Amprius Technologies (NYSE:AMPX) Stock Rating Upgraded by 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 report published on Friday, MarketBeat reports.

AMPX has been the topic of several other research reports. Oppenheimer upped their price target on Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, March 21st. B. Riley reissued a "buy" rating and issued a $10.00 price target (up from $6.00) on shares of Amprius Technologies in a report on Thursday, July 10th. HC Wainwright reissued a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. Finally, Roth Mkm reissued a "buy" rating and set a $6.00 price target on shares of Amprius Technologies in a research note on Friday, March 21st. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $10.17.

Amprius Technologies Price Performance

Shares of Amprius Technologies stock traded down $0.25 during trading on Friday, hitting $8.41. 12,369,121 shares of the stock were exchanged, compared to its average volume of 3,429,178. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $9.09. The stock has a market cap of $991.56 million, a price-to-earnings ratio of -20.51 and a beta of 2.68. The firm's 50-day moving average price is $4.00 and its 200 day moving average price is $3.20.

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

Insider Buying and Selling

In related news, CTO Constantin Ionel Stefan sold 20,366 shares of the company'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 sale, the chief technology officer owned 866,134 shares of the company's stock, valued at approximately $2,104,705.62. This represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kang Sun sold 69,786 shares of Amprius Technologies 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 $169,579.98. Following the sale, the chief executive officer owned 1,812,235 shares of the company's stock, valued at approximately $4,403,731.05. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,747 shares of company stock worth $286,125. 12.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in Amprius Technologies by 56.5% in the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock worth $6,957,000 after purchasing an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of Amprius Technologies during the 4th quarter worth $4,081,000. Millennium Management LLC grew its holdings in Amprius Technologies by 94.5% during the first quarter. Millennium Management LLC now owns 1,396,013 shares of the company's stock valued at $3,741,000 after purchasing an additional 678,442 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Amprius Technologies during the 1st quarter valued at $2,508,000. Finally, Renaissance Technologies LLC raised its stake in Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock valued at $2,142,000 after purchasing an additional 752,000 shares during the period. Hedge funds and other institutional investors own 5.04% of the company's stock.

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.