Cantor Fitzgerald Estimates AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2024 earnings per share estimates for Amprius Technologies in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings per share of ($0.45) for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $10.00 target price on the stock. The consensus estimate for Amprius Technologies' current full-year earnings is ($0.44) per share. Cantor Fitzgerald also issued estimates for Amprius Technologies' FY2025 earnings at ($0.35) EPS.

A number of other equities analysts have also commented on AMPX. HC Wainwright reiterated a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Northland Securities raised their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, Northland Capmk raised shares of Amprius Technologies to a "strong-buy" rating in a report on Wednesday, October 2nd. 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 a consensus price target of $9.29.

Amprius Technologies Stock Performance

Amprius Technologies stock traded down $0.11 during trading on Thursday, reaching $3.36. 1,852,204 shares of the company's stock were exchanged, compared to its average volume of 4,659,210. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.70. The firm has a market cap of $355.09 million, a price-to-earnings ratio of -7.39 and a beta of 2.42. The company's 50-day moving average is $2.45 and its two-hundred day moving average is $1.64.

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

Insider Transactions at Amprius Technologies

In other news, CFO Sandra Wallach sold 17,158 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 696,142 shares in the company, valued at $1,364,438.32. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Bornstein sold 18,170 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the transaction, the insider now owns 454,131 shares in the company, valued at $890,096.76. This represents a 3.85 % decrease in their position. 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 quarter. Insiders own 12.80% of the company's stock.

Institutional Trading of Amprius Technologies

Institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its stake in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after buying an additional 6,700 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Amprius Technologies in the 4th quarter valued at approximately $30,000. State Street Corp increased its position in Amprius Technologies by 4.7% in the 3rd quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after buying an additional 12,900 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after buying an additional 20,939 shares during the last quarter. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $129,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

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.