Amprius Technologies (NYSE:AMPX) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Amprius Technologies (NYSE:AMPX) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued an overweight rating and a $10.00 target price on the stock. Cantor Fitzgerald also issued estimates for Amprius Technologies’ FY2024 earnings at ($0.45) EPS and FY2025 earnings at ($0.35) EPS.

Several other research analysts have also commented on the stock. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Northland Securities raised their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Six analysts have rated the stock with 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 $9.29.

Amprius Technologies Trading Down 3.0 %

NYSE:AMPX opened at $3.36 on Tuesday. The stock has a market cap of $355.09 million, a price-to-earnings ratio of -7.46 and a beta of 2.42. The stock has a 50-day moving average price of $2.45 and a two-hundred day moving average price of $1.64. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $4.70.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $7.86 million during the quarter, compared to analysts’ expectations of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same period last year, the company posted ($0.10) EPS. Sell-side analysts forecast that Amprius Technologies will post -0.44 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Amprius Technologies

Several hedge funds have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. boosted its position in shares of Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after buying an additional 6,700 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Amprius Technologies during the 4th quarter valued at about $30,000. State Street Corp grew its holdings in Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after buying an additional 20,939 shares during the period. Finally, Hamilton Lane Advisors LLC acquired a new position in Amprius Technologies during the 4th quarter worth about $129,000. 5.04% of the stock is currently owned by hedge funds and other 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.