Northland Capmk Upgrades Amprius Technologies (NYSE:AMPX) to “Strong-Buy”

Northland Capmk upgraded shares of Amprius Technologies (NYSE:AMPX) to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports. Northland Capmk also issued estimates for Amprius Technologies’ Q3 2024 earnings at ($0.15) EPS, Q4 2024 earnings at ($0.12) EPS and FY2024 earnings at ($0.51) EPS.

A number of other research firms have also weighed in on AMPX. HC Wainwright reaffirmed a buy rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, August 12th. B. Riley upgraded Amprius Technologies to a strong-buy rating in a research note on Tuesday, June 25th. Roth Mkm cut their price target on Amprius Technologies from $10.00 to $6.00 and set a buy rating on the stock in a research note on Friday, August 9th. Oppenheimer reduced their price target on Amprius Technologies from $15.00 to $14.00 and set an outperform rating for the company in a report on Friday, August 9th. Finally, Northland Securities dropped their price objective on Amprius Technologies from $10.00 to $4.00 and set an outperform rating on the stock in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of $8.17.

Amprius Technologies Price Performance

NYSE:AMPX opened at $1.22 on Wednesday. The business’s 50-day moving average is $1.02 and its two-hundred day moving average is $1.42. The firm has a market capitalization of $131.72 million, a PE ratio of -2.84 and a beta of 2.71. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. The company had revenue of $3.35 million for the quarter, compared to analysts’ expectations of $2.45 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Equities analysts anticipate that Amprius Technologies will post -0.49 EPS for the current year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the sale, the chief executive officer now owns 1,350,753 shares in the company, valued at $1,404,783.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total transaction of $202,500.00. Following the sale, the director now directly owns 1,195,000 shares in the company, valued at approximately $967,950. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the sale, the chief executive officer now directly owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 469,683 shares of company stock valued at $425,318 over the last three months. 12.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMPX. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after acquiring an additional 3,575 shares during the period. XTX Topco Ltd bought a new stake in Amprius Technologies in the 2nd quarter valued at about $72,000. Finally, AQR Capital Management LLC acquired a new position in Amprius Technologies during the 2nd quarter valued at about $99,000. 5.04% of the stock is currently owned by 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.