Amprius Technologies (NYSE:AMPX) Upgraded at B. Riley

B. Riley upgraded shares of Amprius Technologies (NYSE:AMPX) to a strong-buy rating in a research note released on Tuesday morning, Zacks.com reports.

Several other brokerages also recently weighed in on AMPX. HC Wainwright reaffirmed a buy rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Thursday, April 4th. Alliance Global Partners cut their price objective on Amprius Technologies from $10.00 to $9.00 and set a buy rating on the stock in a research report on Friday, May 10th. Finally, Oppenheimer reiterated an outperform rating and issued a $15.00 target price on shares of Amprius Technologies in a report on Friday, March 22nd. 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’s stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of $10.00.

Amprius Technologies Price Performance

NYSE AMPX opened at $1.22 on Tuesday. The stock has a market capitalization of $115.25 million, a P/E ratio of -2.84 and a beta of 2.74. The firm’s 50-day moving average is $1.51 and its two-hundred day moving average is $2.83. Amprius Technologies has a 12 month low of $1.01 and a 12 month high of $8.37.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $2.34 million for 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 in the prior year, the business posted ($0.11) EPS. As a group, analysts anticipate that Amprius Technologies will post -0.44 EPS for the current year.

Insider Buying and Selling

In other Amprius Technologies news, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies 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 completion of the sale, the director now directly owns 1,467,142 shares of the company’s stock, valued at approximately $1,657,870.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Justin E. Mirro sold 260,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $1.13, for a total transaction of $293,800.00. Following the completion of the sale, the director now owns 1,467,142 shares in the company, valued at approximately $1,657,870.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justin E. Mirro sold 280,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1.30, for a total transaction of $364,000.00. Following the completion of the transaction, the director now owns 1,715,000 shares of the company’s stock, valued at approximately $2,229,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 575,794 shares of company stock worth $705,406. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Amprius Technologies by 45.9% in 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 during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Amprius Technologies in the third quarter valued at approximately $58,000. FNY Investment Advisers LLC purchased a new stake in Amprius Technologies in the fourth quarter valued at approximately $84,000. Barclays PLC boosted its holdings 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 valued at $140,000 after acquiring an additional 28,092 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Amprius Technologies during the third quarter worth approximately $484,000. Institutional investors and hedge funds 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.