Brokerages Set Amprius Technologies, Inc. (NYSE:AMPX) Target Price at $11.60

Shares of Amprius Technologies, Inc. (NYSE:AMPX) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.60.

Several research firms have recently issued reports on AMPX. Oppenheimer reissued an “outperform” rating and issued a $15.00 price target on shares of Amprius Technologies in a research report on Friday, March 22nd. Roth Mkm started coverage on shares of Amprius Technologies in a research note on Thursday, January 11th. They issued a “buy” rating and a $10.00 price objective for the company. 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, Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research report on Thursday, January 11th.

Amprius Technologies Price Performance

Shares of AMPX opened at $1.75 on Friday. Amprius Technologies has a 1 year low of $1.58 and a 1 year high of $10.63. The stock’s fifty day moving average price is $2.71 and its two-hundred day moving average price is $3.51. The firm has a market cap of $160.30 million, a PE ratio of -4.07 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $3.94 million during the quarter, compared to analyst estimates of $2.60 million. Amprius Technologies had a negative return on equity of 56.74% and a negative net margin of 406.23%. During the same quarter last year, the firm posted ($0.07) EPS. Sell-side analysts anticipate that Amprius Technologies will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jonathan Bornstein sold 109,800 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total transaction of $320,616.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its stake in Amprius Technologies by 29.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after acquiring an additional 3,575 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Amprius Technologies by 45.9% during the fourth 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 in the last quarter. International Assets Investment Management LLC purchased a new position in Amprius Technologies in the 4th quarter worth approximately $710,000. FNY Investment Advisers LLC purchased a new position in Amprius Technologies in the 4th quarter worth approximately $84,000. Finally, Invesco Ltd. bought a new position in shares of Amprius Technologies in the 3rd quarter worth $8,006,000. 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.