Amprius Technologies (NYSE:AMPX) Given New $15.00 Price Target at Oppenheimer

Amprius Technologies (NYSE:AMPX) had its price objective boosted by Oppenheimer from $14.00 to $15.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also commented on the company. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Friday. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target for the company. B. Riley lifted their price objective on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Northland Securities increased their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $9.43.

Amprius Technologies Price Performance

AMPX stock opened at $3.11 on Friday. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.21. The business has a 50-day moving average price of $2.91 and a 200 day moving average price of $2.12. The company has a market capitalization of $328.63 million, a P/E ratio of -6.90 and a beta of 2.56.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $10.63 million during the quarter, compared to analysts’ expectations of $7.12 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. On average, analysts anticipate that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sandra Wallach sold 18,142 shares of the firm’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 $56,784.46. Following the completion of the transaction, the chief financial officer now directly owns 678,000 shares in the company, valued at $2,122,140. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan Bornstein sold 13,527 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 419,197 shares in the company, valued at approximately $1,312,086.61. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock worth $235,025 in the last three months. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of Amprius Technologies in the fourth quarter worth $4,081,000. Invesco Ltd. grew its position in Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock worth $6,957,000 after purchasing an additional 897,222 shares during the period. Renaissance Technologies LLC raised its stake in shares of Amprius Technologies by 5,740.5% during the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after buying an additional 752,000 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Amprius Technologies in the 4th quarter valued at about $2,009,000. Finally, Two Sigma Investments LP boosted its stake in shares of Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after buying an additional 338,524 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.