Amprius Technologies (NYSE:AMPX) Releases Q4 2024 Earnings Guidance

Amprius Technologies (NYSE:AMPX) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of -0.110–0.100 for the period, compared to the consensus earnings per share estimate of -0.100. The company issued revenue guidance of $10.4 million-$10.6 million, compared to the consensus revenue estimate of $7.1 million. Amprius Technologies also updated its FY 2024 guidance to -0.460–0.450 EPS.

Wall Street Analyst Weigh In

AMPX has been the topic of several research reports. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Securities increased their target price on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Cantor Fitzgerald started coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective for the company. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amprius Technologies has an average rating of “Buy” and an average price target of $9.29.

Amprius Technologies Trading Down 5.3 %

Shares of Amprius Technologies stock traded down $0.13 during trading hours on Tuesday, reaching $2.22. 3,193,158 shares of the company’s stock were exchanged, compared to its average volume of 3,523,765. The company has a 50 day moving average of $3.12 and a two-hundred day moving average of $2.03. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $4.20. The stock has a market cap of $234.43 million, a P/E ratio of -4.92 and a beta of 2.45.

Insider Transactions at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $28,376.58. Following the completion of the sale, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sandra Wallach sold 18,142 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the transaction, the chief financial officer now owns 678,000 shares in the company, valued at approximately $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock worth $235,025 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

A hedge fund recently raised its stake in Amprius Technologies stock. Bank of America Corp DE increased its holdings in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,890 shares of the company’s stock after acquiring an additional 3,055 shares during the quarter. Bank of America Corp DE’s holdings in Amprius Technologies were worth $36,000 as of its most recent filing with the SEC. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.