Amprius Technologies (NYSE:AMPX) Now Covered by Cantor Fitzgerald

Analysts at Cantor Fitzgerald initiated coverage on shares of Amprius Technologies (NYSE:AMPX) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $10.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 198.15% from the company’s current price.

Several other analysts have also weighed in on the company. 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 price target on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Northland Securities raised their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a buy rating and two have 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 $9.29.

Amprius Technologies Stock Down 5.0 %

Shares of NYSE:AMPX opened at $3.35 on Tuesday. The stock’s 50-day moving average is $2.40 and its 200-day moving average is $1.60. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.90.

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

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were 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 in the company, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Bornstein sold 18,170 shares of the company’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 $35,613.20. Following the transaction, the insider now owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,903 shares of company stock valued at $86,050 in the last ninety days. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMPX. B. Riley Wealth Advisors Inc. raised its holdings in Amprius Technologies by 29.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after purchasing an additional 6,700 shares during the last quarter. State Street Corp boosted its stake in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 period. Hamilton Lane Advisors LLC acquired a new position in shares of Amprius Technologies in the 4th quarter valued at $129,000. Finally, XTX Topco Ltd bought a new position in shares of Amprius Technologies in the 2nd quarter worth $72,000. Institutional investors own 5.04% of the company’s stock.

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.