Research Analysts Offer Predictions for AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX) – Equities researchers at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for Amprius Technologies in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg forecasts that the company will earn ($0.45) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $10.00 price target on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.44) per share. Cantor Fitzgerald also issued estimates for Amprius Technologies’ FY2025 earnings at ($0.35) EPS.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, November 7th. 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 business had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. During the same quarter last year, the company earned ($0.10) earnings per share.

Other research analysts have also issued reports about the stock. Northland Securities boosted their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Finally, Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $9.29.

Amprius Technologies Stock Up 5.1 %

Shares of Amprius Technologies stock opened at $3.45 on Thursday. The company has a fifty day moving average price of $2.43 and a 200 day moving average price of $1.63. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.70.

Insider Buying and Selling

In other news, CFO Sandra Wallach sold 17,158 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $33,629.68. Following the completion of the transaction, the chief financial officer now owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies 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 directly owns 454,131 shares in the company, valued at $890,096.76. This trade represents 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 over the last quarter. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. raised its position 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 valued at $31,000 after purchasing an additional 6,700 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Amprius Technologies during the 4th quarter worth approximately $30,000. State Street Corp increased its stake in shares of Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,939 shares during the period. Finally, Hamilton Lane Advisors LLC purchased a new position in shares of Amprius Technologies in the fourth quarter worth about $129,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.