Roth Mkm Lowers Amprius Technologies (NYSE:AMPX) Price Target to $6.00

Amprius Technologies (NYSE:AMPX) had its price target decreased by stock analysts at Roth Mkm from $10.00 to $6.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 450.46% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Alliance Global Partners reduced their target price on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $9.00.

Amprius Technologies Price Performance

Shares of NYSE:AMPX traded down $0.12 during trading on Friday, hitting $1.09. The company’s stock had a trading volume of 577,444 shares, compared to its average volume of 703,195. The company has a 50-day moving average of $1.24 and a 200-day moving average of $2.15. Amprius Technologies has a 12 month low of $1.01 and a 12 month high of $6.88. The firm has a market cap of $117.68 million, a price-to-earnings ratio of -2.53 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $2.34 million for the quarter, compared to analysts’ expectations of $1.70 million. Amprius Technologies had a negative net margin of 350.70% and a negative return on equity of 59.58%. During the same quarter in the prior year, the business earned ($0.11) EPS. As a group, research analysts anticipate that Amprius Technologies will post -0.43 earnings per share for the current year.

Insider Transactions at Amprius Technologies

In other news, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies stock in a transaction on Friday, June 14th. The stock was sold at an average price of $1.13, for a total transaction of $293,800.00. Following the completion of the sale, the director now directly owns 1,467,142 shares in the company, valued at $1,657,870.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amprius Technologies news, insider Kang Sun sold 19,973 shares of Amprius Technologies stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1.33, for a total value of $26,564.09. Following the transaction, the insider now owns 1,399,697 shares in the company, valued at $1,861,597.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justin E. Mirro sold 260,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $1.13, for a total value of $293,800.00. Following the sale, the director now owns 1,467,142 shares in the company, valued at approximately $1,657,870.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 575,794 shares of company stock worth $705,406. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently modified their holdings of AMPX. Tower Research Capital LLC TRC lifted 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 during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after acquiring an additional 3,575 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Amprius Technologies in the fourth quarter valued at approximately $710,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.