Amprius Technologies (NYSE:AMPX) Price Target Raised to $6.00 at B. Riley

Amprius Technologies (NYSE:AMPX) had its price objective raised by B. Riley from $5.00 to $6.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

AMPX has been the subject of a number of other research reports. Cantor Fitzgerald initiated coverage on Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price for the company. Northland Securities raised their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Friday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $9.43.

Amprius Technologies Stock Up 34.4 %

Shares of NYSE AMPX opened at $3.11 on Friday. The business has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $2.12. The company has a market cap of $328.63 million, a price-to-earnings ratio of -6.90 and a beta of 2.56. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $4.21.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, topping 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 company had revenue of $10.63 million during the quarter, compared to analysts’ expectations of $7.12 million. As a group, sell-side analysts expect that Amprius Technologies will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the transaction, the chief financial officer now directly owns 678,000 shares of the company’s stock, valued at $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan Bornstein sold 13,527 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $42,339.51. Following the completion of the sale, the insider now directly owns 419,197 shares of the company’s stock, valued at $1,312,086.61. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,088 shares of company stock worth $235,025. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMPX. Charles Schwab Investment Management Inc. grew its holdings in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares during the last quarter. State Street Corp boosted its holdings in shares of Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after buying an additional 12,900 shares during the period. Geode Capital Management LLC grew its stake in Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after buying an additional 184,863 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Amprius Technologies by 29.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,939 shares during the last quarter. 5.04% of the stock is 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.