Northland Securities analyst Abhishek Sinha maintained a Buy rating on Amprius Technologies Inc (AMPX – Research Report) today and set a price target of $16.00. The company’s shares closed yesterday at $4.79.
According to TipRanks, Sinha is ranked #8594 out of 8610 analysts.
Amprius Technologies Inc has an analyst consensus of Strong Buy, with a price target consensus of $12.25.
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Based on Amprius Technologies Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.8 million and a GAAP net loss of $8.5 million. In comparison, last year the company earned a revenue of $816 thousand and had a GAAP net loss of $4.24 million
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMPX in relation to earlier this year.
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Amprius Technologies Inc (AMPX) Company Description:
Amprius Technologies Inc is engaged in the production of silicon anodes for high energy density lithium-ion batteries. The company’s batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.
Read More on AMPX:
- Amprius Technologies initiated with a Market Perform at William Blair
- Amprius Technologies initiated with bullish view at Alliance Global Partners, here’s why
- Amprius Technologies price target lowered to $8 from $13 at B. Riley
- Amprius secures purchase orders from three electric aviation companies, no terms
- Amprius Technologies initiated with a Buy at H.C. Wainwright
