Amprius Technologies (NYSE:AMPX) Price Target Lowered to $6.00 at B. Riley

Amprius Technologies (NYSE:AMPX) had its price objective reduced by investment analysts at B. Riley from $8.00 to $6.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 219.15% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on AMPX. Roth Mkm assumed coverage on Amprius Technologies in a report on Thursday, January 11th. They set a “buy” rating and a $10.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $15.00 target price on shares of Amprius Technologies in a research note on Friday, March 22nd. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research note on Thursday, January 11th. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Thursday, April 4th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.20.

Amprius Technologies Trading Up 8.0 %

Shares of AMPX opened at $1.88 on Tuesday. Amprius Technologies has a twelve month low of $1.56 and a twelve month high of $10.63. The company’s fifty day simple moving average is $2.52 and its 200-day simple moving average is $3.44. The company has a market cap of $172.21 million, a P/E ratio of -4.37 and a beta of 2.85.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Amprius Technologies had a negative net margin of 406.23% and a negative return on equity of 56.74%. The company had revenue of $3.94 million for the quarter, compared to analyst estimates of $2.60 million. During the same period in the prior year, the company posted ($0.07) EPS. Analysts predict that Amprius Technologies will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amprius Technologies news, insider Jonathan Bornstein sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $4.43, for a total transaction of $664,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 14.90% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Amprius Technologies by 45.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares in the last quarter. B. Riley Wealth Advisors Inc. raised 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 worth $83,000 after purchasing an additional 3,575 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Amprius Technologies during the third quarter valued at about $60,000. International Assets Investment Management LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $710,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Amprius Technologies in the 4th quarter valued at about $84,000. 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.