What is B. Riley's Estimate for AMPX FY2024 Earnings?

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Equities research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for Amprius Technologies in a note issued to investors on Wednesday, February 26th. B. Riley analyst R. Pfingst anticipates that the company will earn ($0.44) per share for the year. The consensus estimate for Amprius Technologies' current full-year earnings is ($0.45) per share. B. Riley also issued estimates for Amprius Technologies' Q4 2024 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.12) EPS, FY2025 earnings at ($0.47) EPS and FY2026 earnings at ($0.21) EPS.

Several other brokerages also recently issued reports on AMPX. HC Wainwright reissued a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note 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 report on Friday, January 10th. Finally, Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research note on Tuesday, January 21st. They issued an "overweight" rating and a $10.00 price objective on the stock. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $9.29.

Amprius Technologies Price Performance

Amprius Technologies stock traded down $0.13 during midday trading on Friday, reaching $2.22. The stock had a trading volume of 3,005,989 shares, compared to its average volume of 3,517,591. The firm's fifty day simple moving average is $3.12 and its two-hundred day simple moving average is $2.03. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.20. The firm has a market cap of $234.43 million, a price-to-earnings ratio of -4.92 and a beta of 2.45.

Insiders Place Their Bets

In related news, CFO Sandra Wallach sold 18,142 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan Bornstein sold 13,527 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $42,339.51. Following the transaction, the insider now owns 419,197 shares in the company, valued at approximately $1,312,086.61. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock valued at $235,025 over the last ninety days. Corporate insiders own 12.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Amprius Technologies by 56.5% in the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company's stock valued at $6,957,000 after purchasing an additional 897,222 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Amprius Technologies in the 4th quarter valued at approximately $4,081,000. Renaissance Technologies LLC increased its position in Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company's stock worth $2,142,000 after buying an additional 752,000 shares during the period. Millennium Management LLC acquired a new position in shares of Amprius Technologies during the fourth quarter worth approximately $2,009,000. Finally, Geode Capital Management LLC boosted its position in shares of Amprius Technologies by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 580,819 shares of the company's stock valued at $1,626,000 after acquiring an additional 32,681 shares during the period. 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.