Northland Securities Issues Positive Forecast for Amprius Technologies (NYSE:AMPX) Stock Price

Amprius Technologies (NYSE:AMPX) had its price objective hoisted by Northland Securities from $4.00 to $10.00 in a report issued on Friday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on AMPX. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $9.17.

Amprius Technologies Trading Up 18.2 %

NYSE:AMPX opened at $3.58 on Friday. The stock has a 50-day moving average price of $2.20 and a 200 day moving average price of $1.52. The stock has a market capitalization of $378.90 million, a P/E ratio of -7.96 and a beta of 2.42. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $5.26.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The firm had revenue of $7.86 million for the quarter, compared to analysts’ expectations of $7.70 million. During the same quarter last year, the business posted ($0.10) earnings per share. On average, research analysts predict that Amprius Technologies will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amprius Technologies news, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the transaction, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sandra Wallach sold 17,158 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now owns 696,142 shares of the company’s stock, valued at $1,364,438.32. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,903 shares of company stock valued at $86,050 over the last 90 days. Insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its position in Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after purchasing an additional 10,300 shares during the period. JPMorgan Chase & Co. raised its stake in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after buying an additional 20,939 shares in the last quarter. XTX Topco Ltd bought a new stake in Amprius Technologies during the 2nd quarter valued at $72,000. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies in the 2nd quarter valued at $99,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after acquiring an additional 152,102 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors.

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.