Analysts Issue Forecasts for Amprius Technologies, Inc.'s Q3 2024 Earnings (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Northland Capmk issued their Q3 2024 earnings per share (EPS) estimates for shares of Amprius Technologies in a research report issued to clients and investors on Wednesday, October 2nd. Northland Capmk analyst E. Jackson anticipates that the company will earn ($0.15) per share for the quarter. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Amprius Technologies' current full-year earnings is ($0.49) per share. Northland Capmk also issued estimates for Amprius Technologies' Q4 2024 earnings at ($0.12) EPS and FY2024 earnings at ($0.51) EPS.

A number of other research analysts also recently commented on the stock. Northland Securities decreased their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an "outperform" rating for the company in a research report on Tuesday, August 13th. Oppenheimer lowered their price target on Amprius Technologies from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Roth Mkm cut their price objective on Amprius Technologies from $10.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, August 9th. HC Wainwright reissued a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a report on Monday, August 12th. Finally, B. Riley upgraded Amprius Technologies to a "strong-buy" rating in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $8.17.

Amprius Technologies Stock Up 15.1 %

Shares of NYSE:AMPX traded up $0.16 during midday trading on Friday, hitting $1.22. The stock had a trading volume of 6,989,066 shares, compared to its average volume of 762,475. The company has a market cap of $131.72 million, a P/E ratio of -2.79 and a beta of 2.71. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $6.02. The business's 50-day simple moving average is $1.02 and its 200-day simple moving average is $1.44.

Amprius Technologies (NYSE:AMPX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. The company had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share.

Insider Buying and Selling

In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the transaction, the chief executive officer now directly owns 1,350,753 shares of the company's stock, valued at $1,404,783.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Justin E. Mirro sold 250,000 shares of Amprius Technologies stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total value of $202,500.00. Following the completion of the sale, the director now directly owns 1,195,000 shares in the company, valued at approximately $967,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kang Sun sold 33,333 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the sale, the chief executive officer now directly owns 1,350,753 shares in the company, valued at $1,404,783.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 469,683 shares of company stock valued at $425,318. Insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its position in shares of Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company's stock worth $83,000 after purchasing an additional 3,575 shares during the period. XTX Topco Ltd acquired a new stake in Amprius Technologies during the second quarter worth about $72,000. Finally, AQR Capital Management LLC bought a new position in Amprius Technologies in the 2nd quarter valued at about $99,000. 5.04% of the stock is 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.