Amprius Technologies (NYSE:AMPX) Updates Q3 2024 Earnings Guidance

Amprius Technologies (NYSE:AMPX - Get Free Report) updated its third 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 -0.130. The company issued revenue guidance of $7.6 million-$7.9 million, compared to the consensus revenue estimate of $3.5 million.

Analyst Ratings Changes

Several brokerages have recently commented on AMPX. Roth Mkm reduced their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Monday, August 12th. Northland Capmk raised shares of Amprius Technologies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Northland Securities reduced their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. Finally, Oppenheimer reduced their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $8.17.

Amprius Technologies Stock Performance

Shares of AMPX traded up $0.11 during mid-day trading on Tuesday, reaching $1.50. 1,998,748 shares of the company's stock traded hands, compared to its average volume of 864,423. The business's 50-day moving average price is $1.10 and its 200-day moving average price is $1.30. The stock has a market capitalization of $161.95 million, a P/E ratio of -3.61 and a beta of 2.71. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $6.02.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released 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). The business had revenue of $3.35 million for the quarter, compared to the consensus estimate of $2.45 million. Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. During the same period last year, the firm posted ($0.11) EPS. Equities research analysts anticipate that Amprius Technologies will post -0.5 EPS for the current year.

Insider Activity

In related news, CEO Kang Sun sold 33,333 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares in the company, valued at $1,404,783.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amprius Technologies 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 transaction, the director now 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 SEC, which can be accessed through this hyperlink. Also, CEO Kang Sun sold 33,333 shares of Amprius Technologies stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the transaction, the chief executive officer now owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,683 shares of company stock valued at $425,318. Insiders own 12.80% of the company's stock.

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.