Amprius Technologies (NYSE:AMPX) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reiterated their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a research report report published on Monday, Benzinga reports. HC Wainwright currently has a $10.00 price objective on the stock. HC Wainwright also issued estimates for Amprius Technologies’ Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.51) EPS, FY2025 earnings at ($0.33) EPS, FY2026 earnings at ($0.21) EPS and FY2028 earnings at $0.10 EPS.

A number of other research analysts have also recently commented on the stock. Roth Mkm reduced their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a buy rating on the stock in a research report on Friday, August 9th. Alliance Global Partners reduced their target price on shares of Amprius Technologies from $10.00 to $9.00 and set a buy rating on the stock in a report on Friday, May 10th. B. Riley raised shares of Amprius Technologies to a strong-buy rating in a research note on Tuesday, June 25th. Finally, Oppenheimer reduced their price objective on Amprius Technologies from $15.00 to $14.00 and set an outperform rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $8.17.

Amprius Technologies Stock Performance

Amprius Technologies stock opened at $1.11 on Monday. Amprius Technologies has a fifty-two week low of $1.01 and a fifty-two week high of $6.02. The stock has a market cap of $119.84 million, a P/E ratio of -2.58 and a beta of 2.71. The firm’s fifty day moving average price is $1.22 and its 200-day moving average price is $2.07.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The firm had revenue of $3.35 million for the quarter, compared to analysts’ expectations of $2.45 million. Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. During the same quarter in the previous year, the business earned ($0.11) EPS. On average, analysts predict that Amprius Technologies will post -0.43 earnings per share for the current year.

Insider Activity at Amprius Technologies

In other news, insider Kang Sun sold 19,973 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 1,399,697 shares of the company’s stock, valued at $1,861,597.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Justin E. Mirro sold 280,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total value of $364,000.00. Following the transaction, the director now directly owns 1,715,000 shares of the company’s stock, valued at approximately $2,229,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kang Sun sold 19,973 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total transaction of $26,564.09. Following the completion of the sale, the insider now owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 575,794 shares of company stock valued at $705,406. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPX. International Assets Investment Management LLC bought a new position in Amprius Technologies in the fourth quarter worth approximately $710,000. Tower Research Capital LLC TRC raised its stake in shares of Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of 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 during the last quarter. XTX Topco Ltd purchased a new stake in Amprius Technologies in the second quarter valued at about $72,000. Finally, AQR Capital Management LLC purchased a new position in shares of Amprius Technologies in the 2nd quarter valued at approximately $99,000. 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.