Cantor Fitzgerald Predicts AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2024 EPS estimates for shares of Amprius Technologies in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg anticipates that the company will post earnings of ($0.45) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $10.00 price objective on the stock. The consensus estimate for Amprius Technologies' current full-year earnings is ($0.45) per share. Cantor Fitzgerald also issued estimates for Amprius Technologies' FY2025 earnings at ($0.35) EPS.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to analysts' expectations of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same period in the previous year, the firm posted ($0.10) earnings per share.

Other equities research analysts have also recently issued research reports about the stock. Northland Capmk upgraded shares of Amprius Technologies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Northland Securities boosted 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, HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Six equities research 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.com, the stock has an average rating of "Buy" and a consensus price target of $9.29.

Amprius Technologies Stock Performance

NYSE:AMPX traded up $0.26 during trading hours on Thursday, reaching $3.63. The stock had a trading volume of 6,067,611 shares, compared to its average volume of 4,773,731. The stock has a market capitalization of $383.67 million, a PE ratio of -8.06 and a beta of 2.42. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.70. The company has a 50 day moving average price of $2.48 and a two-hundred day moving average price of $1.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Amprius Technologies in the 2nd quarter valued at about $72,000. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies during the second quarter worth approximately $99,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company's stock valued at $29,000 after acquiring an additional 10,300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Amprius Technologies by 124.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company's stock valued at $304,000 after purchasing an additional 152,102 shares during the period. Finally, State Street Corp grew its stake in Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after purchasing an additional 12,900 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jonathan Bornstein sold 18,170 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $35,613.20. Following the sale, the insider now directly owns 454,131 shares in the company, valued at approximately $890,096.76. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 17,158 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total value of $33,629.68. Following the sale, the chief financial officer now directly owns 696,142 shares of the company's stock, valued at $1,364,438.32. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock valued at $86,050 in the last ninety days. 12.80% of the stock is owned by company insiders.

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.