Amprius Technologies (NYSE:AMPX) Lifted to “Strong-Buy” at B. Riley

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

A number of other research firms have also commented on AMPX. Oppenheimer restated an “outperform” rating and set a $15.00 price target on shares of Amprius Technologies in a research report on Friday, March 22nd. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Thursday, April 4th. Finally, Alliance Global Partners lowered their price target on Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 10th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $10.00.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $1.21 on Tuesday. The business’s fifty day moving average is $1.53 and its 200 day moving average is $2.85. The firm has a market cap of $114.31 million, a price-to-earnings ratio of -2.81 and a beta of 2.74. Amprius Technologies has a 52-week low of $1.01 and a 52-week high of $8.37.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $2.34 million during the quarter, compared to analyst estimates 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 period last year, the business earned ($0.11) earnings per share. Equities analysts predict that Amprius Technologies will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, Director Justin E. Mirro sold 260,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,657,870.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Kang Sun sold 19,973 shares of the stock in a transaction 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 transaction, the insider now owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Justin E. Mirro sold 260,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.13, for a total value of $293,800.00. Following the transaction, the director now directly owns 1,467,142 shares in the company, valued at $1,657,870.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 575,794 shares of company stock worth $705,406. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Amprius Technologies by 45.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after purchasing an additional 2,597 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Amprius Technologies in the third quarter worth approximately $58,000. FNY Investment Advisers LLC purchased a new position in shares of Amprius Technologies in the fourth quarter worth $84,000. Barclays PLC increased its stake in shares of Amprius Technologies by 2,623.0% in the third quarter. Barclays PLC now owns 29,163 shares of the company’s stock worth $140,000 after buying an additional 28,092 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Amprius Technologies during the 3rd quarter valued at $484,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Amprius Technologies Company Profile

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.