Amprius Technologies (NYSE:AMPX) Receives “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Amprius Technologies (NYSE:AMPX) in a research report report published on Friday,Benzinga reports. HC Wainwright currently has a $10.00 price target on the stock. HC Wainwright also issued estimates for Amprius Technologies’ Q1 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2029 earnings at $0.28 EPS.

Several other research firms also recently issued reports on AMPX. Cantor Fitzgerald started coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target for the company. Northland Securities lifted their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $9.43.

Amprius Technologies Stock Performance

Amprius Technologies stock opened at $3.11 on Friday. Amprius Technologies has a one year low of $0.61 and a one year high of $4.21. The business has a fifty day moving average of $2.91 and a two-hundred day moving average of $2.13. The company has a market cap of $328.63 million, a P/E ratio of -6.90 and a beta of 2.56.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, March 20th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates 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 $10.63 million during the quarter, compared to the consensus estimate of $7.12 million. Sell-side analysts predict that Amprius Technologies will post -0.45 EPS for the current year.

Insider Activity at Amprius Technologies

In related news, CFO Sandra Wallach sold 18,142 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were 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 owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $107,524.89. Following the completion of the transaction, the chief executive officer now directly owns 1,282,621 shares of the company’s stock, valued at $4,014,603.73. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMPX. Board of Trustees of The Leland Stanford Junior University purchased a new stake in Amprius Technologies in the 4th quarter valued at about $4,081,000. Invesco Ltd. grew its holdings in Amprius Technologies by 56.5% in the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock valued at $6,957,000 after buying an additional 897,222 shares during the period. Renaissance Technologies LLC grew its holdings 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 worth $2,142,000 after purchasing an additional 752,000 shares during the period. Millennium Management LLC purchased a new stake in shares of Amprius Technologies during the 4th quarter worth about $2,009,000. Finally, Two Sigma Investments LP grew its holdings in shares of Amprius Technologies by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after purchasing an additional 338,524 shares during the period. 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.