Equities Analysts Issue Forecasts for AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX) – Research analysts at Cantor Fitzgerald issued their FY2024 EPS estimates for shares of Amprius Technologies in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg forecasts that the company will post earnings of ($0.45) per share 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.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to analysts’ expectations of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same period last year, the firm earned ($0.10) EPS.

AMPX has been the subject of a number of other research reports. Northland Securities increased their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Finally, Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.29.

Amprius Technologies Stock Performance

Shares of NYSE AMPX opened at $3.45 on Thursday. Amprius Technologies has a one year low of $0.61 and a one year high of $4.70. The business’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $1.63.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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 directly owns 696,142 shares in the company, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of Amprius Technologies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now owns 454,131 shares of the company’s stock, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock worth $86,050 over the last 90 days. 12.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in AMPX. Geode Capital Management LLC increased its holdings in Amprius Technologies by 50.9% in the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after buying an additional 184,863 shares during the last quarter. State Street Corp lifted its holdings in shares of Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after acquiring an additional 12,900 shares during the period. Charles Schwab Investment Management Inc. increased its position in Amprius Technologies by 124.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Amprius Technologies in the second quarter valued at approximately $99,000. Finally, XTX Topco Ltd purchased a new stake in Amprius Technologies during the 2nd quarter worth approximately $72,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

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.