Q1 2024 EPS Estimates for Amprius Technologies, Inc. Lowered by Analyst (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) – Research analysts at B. Riley dropped their Q1 2024 earnings per share (EPS) estimates for shares of Amprius Technologies in a research note issued to investors on Tuesday, April 30th. B. Riley analyst C. Souther now expects that the company will post earnings of ($0.13) per share for the quarter, down from their prior forecast of ($0.10). B. Riley has a “Buy” rating and a $6.00 price target on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.43) per share. B. Riley also issued estimates for Amprius Technologies’ Q2 2024 earnings at ($0.12) EPS, Q3 2024 earnings at ($0.11) EPS, FY2024 earnings at ($0.46) EPS and FY2025 earnings at ($0.26) EPS.

Amprius Technologies (NYSE:AMPX) last issued its earnings results on Thursday, March 21st. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Amprius Technologies had a negative return on equity of 56.74% and a negative net margin of 406.23%. The company had revenue of $3.94 million for the quarter, compared to analyst estimates of $2.60 million. During the same period in the prior year, the firm earned ($0.07) earnings per share.

AMPX has been the subject of several other reports. Roth Mkm initiated coverage on shares of Amprius Technologies in a research report on Thursday, January 11th. They set a “buy” rating and a $10.00 target price for the company. Roth Capital reissued a “buy” rating on shares of Amprius Technologies in a report on Thursday, January 11th. Oppenheimer reissued an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a research note on Friday, March 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Thursday, April 4th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.20.

Amprius Technologies Trading Up 1.4 %

AMPX opened at $2.19 on Thursday. Amprius Technologies has a 1-year low of $1.56 and a 1-year high of $10.63. The company has a market cap of $200.60 million, a price-to-earnings ratio of -5.09 and a beta of 2.96. The company’s fifty day moving average price is $2.42 and its two-hundred day moving average price is $3.41.

Institutional Trading of Amprius Technologies

A number of large investors have recently bought and sold shares of AMPX. Invesco Ltd. bought a new position in shares of Amprius Technologies during the 3rd quarter worth $8,006,000. Kestra Advisory Services LLC bought a new position in Amprius Technologies in the 3rd quarter worth approximately $484,000. Barclays PLC grew its stake in Amprius Technologies by 2,623.0% in the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after buying an additional 28,092 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter worth $84,000. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after purchasing an additional 3,575 shares in the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, insider Jonathan Bornstein sold 109,800 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $2.92, for a total value of $320,616.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.90% 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.