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

Amprius Technologies (NYSE:AMPX - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. 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.

Amprius Technologies Stock Up 0.3 %

NYSE:AMPX traded up $0.01 during trading hours on Friday, reaching $2.00. The company had a trading volume of 2,217,403 shares, compared to its average volume of 3,492,845. The stock has a 50-day moving average of $3.11 and a two-hundred day moving average of $2.04. Amprius Technologies has a one year low of $0.61 and a one year high of $4.21. The firm has a market capitalization of $211.15 million, a PE ratio of -4.43 and a beta of 2.56.

Analyst Upgrades and Downgrades

AMPX has been the topic of a number of analyst reports. HC Wainwright reiterated a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Cantor Fitzgerald began coverage on Amprius Technologies in a report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 target price on the stock. Finally, Northland Securities increased their target price on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amprius Technologies presently has an average rating of "Buy" and a consensus target price of $9.29.

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Insider Activity

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

Institutional Investors Weigh In On Amprius Technologies

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

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.