Amprius Technologies' (AMPX) Buy Rating Reaffirmed at HC Wainwright

Amprius Technologies (NYSE:AMPX - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at HC Wainwright in a report issued on Thursday, Benzinga reports. They currently have a $10.00 price target on the stock. HC Wainwright's price target points to a potential upside of 365.12% from the company's current price.

A number of other research analysts have also recently issued reports on the stock. William Blair initiated coverage on shares of Amprius Technologies in a report on Monday, December 18th. They set a "market perform" rating for the company. Roth Mkm initiated coverage on shares of Amprius Technologies in a report on Thursday, January 11th. They set a "buy" rating and a $10.00 price objective for the company. Roth Capital reaffirmed a "buy" rating on shares of Amprius Technologies in a research note on Thursday, January 11th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Amprius Technologies in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Amprius Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.60.

Amprius Technologies Stock Down 6.1 %

NYSE AMPX traded down $0.14 on Thursday, hitting $2.15. The stock had a trading volume of 856,060 shares, compared to its average volume of 590,623. The company's 50-day moving average is $3.35 and its two-hundred day moving average is $3.78. The stock has a market cap of $190.06 million, a price-to-earnings ratio of -5.00 and a beta of 2.84. Amprius Technologies has a one year low of $2.10 and a one year high of $10.63.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its earnings results on Thursday, March 21st. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. Amprius Technologies had a negative net margin of 406.23% and a negative return on equity of 55.31%. The business had revenue of $3.94 million during the quarter, compared to analyst estimates of $2.60 million. During the same period in the prior year, the business earned ($0.07) earnings per share. On average, sell-side analysts anticipate that Amprius Technologies will post -0.42 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jonathan Bornstein sold 109,800 shares of Amprius Technologies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in Amprius Technologies by 34.9% during the 2nd quarter. Royal Bank of Canada now owns 8,699 shares of the company's stock valued at $62,000 after purchasing an additional 2,250 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company's stock valued at $44,000 after purchasing an additional 2,597 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Amprius Technologies by 29.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company's stock valued at $83,000 after purchasing an additional 3,575 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Amprius Technologies during the 1st quarter worth $44,000. Finally, JPMorgan Chase & Co. purchased a new position in Amprius Technologies during the 4th quarter worth $44,000. 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.