Amprius Technologies (AMPX) reported Q1 earnings with negative ROE and net margin, but analysts maintain a "Moderate Buy" rating and a $12 target price.

Amprius Technologies (NYSE: AMPX) reported Q1 earnings, beating analyst expectations by $0.01 EPS with a reported EPS of ($0.11). The company had a negative return on equity of 55.31% and a negative net margin of 406.23%. Despite these figures, Amprius Technologies has a "Moderate Buy" average rating from market analysts and a consensus target price of $12.00. Institutional investors own 2.60% of the stock, and several have increased their stakes, including Royal Bank of Canada, Tower Research Capital LLC, Belpointe Asset Management LLC, JPMorgan Chase & Co., and Marshall Wace LLP.

March 23, 2024
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