Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Investment analysts at Northland Capmk dropped their Q4 2024 EPS estimates for Amprius Technologies in a research note issued to investors on Wednesday, March 5th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of ($0.11) for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Amprius Technologies' current full-year earnings is ($0.45) per share.
A number of other research firms have also recently weighed in on AMPX. Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price objective on the stock. HC Wainwright reaffirmed a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Northland Securities raised their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $9.29.
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Amprius Technologies Price Performance
Shares of NYSE AMPX traded down $0.06 during midday trading on Friday, hitting $1.78. 2,177,895 shares of the company's stock were exchanged, compared to its average volume of 3,438,002. The firm's fifty day simple moving average is $3.09 and its 200-day simple moving average is $2.06. The company has a market cap of $187.86 million, a PE ratio of -3.94 and a beta of 2.56. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.21.
Insiders Place Their Bets
In related news, insider Jonathan Bornstein sold 13,527 shares of Amprius Technologies stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $42,339.51. Following the completion of the transaction, the insider now directly owns 419,197 shares in the company, valued at approximately $1,312,086.61. This trade represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandra Wallach sold 18,142 shares of the company's 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 $56,784.46. Following the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,088 shares of company stock worth $235,025 in the last 90 days. 12.80% of the stock is owned by company insiders.
Institutional Trading of Amprius Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its position in Amprius Technologies by 55.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company's stock valued at $127,000 after purchasing an additional 16,300 shares during the period. Wolverine Trading LLC acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $48,000. Two Sigma Advisers LP acquired a new position in shares of Amprius Technologies during the fourth quarter worth approximately $128,000. Two Sigma Investments LP grew its holdings in Amprius Technologies by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock worth $1,241,000 after buying an additional 338,524 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Amprius Technologies in the 4th quarter valued at approximately $2,009,000. 5.04% of the stock is owned by institutional investors and hedge funds.
About Amprius Technologies
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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.
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