Amprius Technologies (NYSE:AMPX) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Amprius Technologies (NYSE:AMPX) to a strong-buy rating in a research report sent to investors 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 brokerages also recently weighed in on AMPX. Northland Securities cut their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an outperform rating on the stock in a research report on Tuesday, August 13th. HC Wainwright reiterated a buy rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Monday, August 12th. Roth Mkm cut 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. B. Riley raised Amprius Technologies to a strong-buy rating in a research note on Tuesday, June 25th. Finally, Oppenheimer lowered their target price on Amprius Technologies from $15.00 to $14.00 and set an outperform rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Amprius Technologies has a consensus rating of Buy and a consensus price target of $8.17.

Amprius Technologies Trading Up 15.1 %

Amprius Technologies stock opened at $1.22 on Wednesday. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $6.02. The company has a market cap of $131.72 million, a PE ratio of -2.84 and a beta of 2.71. The company’s 50-day moving average is $1.02 and its two-hundred day moving average is $1.43.

Amprius Technologies (NYSE:AMPX) last announced 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 during the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Research analysts forecast that Amprius Technologies will post -0.49 EPS for the current year.

Insider Transactions at Amprius Technologies

In other news, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Justin E. Mirro sold 135,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 1,510,000 shares of the company’s stock, valued at $1,510,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kang Sun sold 33,333 shares of the firm’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 transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,683 shares of company stock valued at $425,318 in the last ninety days. 12.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its stake in shares of Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after buying an additional 3,575 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Amprius Technologies in the second quarter valued at $72,000. Finally, AQR Capital Management LLC bought a new position in shares of Amprius Technologies in the second quarter valued at $99,000. 5.04% of the stock is 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.