Brokers Issue Forecasts for AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX) – B. Riley issued their FY2024 EPS estimates for shares of Amprius Technologies in a report released on Wednesday, February 26th. B. Riley analyst R. Pfingst anticipates that the company will post earnings per share of ($0.44) 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.

Other equities analysts also recently issued reports about the stock. HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target for the company. Finally, Northland Securities lifted their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $9.29.

Amprius Technologies Stock Up 0.6 %

Shares of AMPX stock opened at $2.56 on Friday. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.20. The company has a market capitalization of $270.42 million, a P/E ratio of -5.68 and a beta of 2.45. The firm has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.01.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its position in shares of Amprius Technologies by 56.5% during the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock worth $6,957,000 after buying an additional 897,222 shares during the period. Board of Trustees of The Leland Stanford Junior University acquired a new position in Amprius Technologies during the fourth quarter valued at approximately $4,081,000. Renaissance Technologies LLC grew its holdings in Amprius Technologies by 5,740.5% during the fourth quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after purchasing an additional 752,000 shares during the period. Millennium Management LLC acquired a new position in Amprius Technologies during the fourth quarter valued at approximately $2,009,000. Finally, Geode Capital Management LLC grew its holdings in Amprius Technologies by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 580,819 shares of the company’s stock valued at $1,626,000 after purchasing an additional 32,681 shares during the period. Institutional investors and hedge funds own 5.04% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Sandra Wallach sold 18,142 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the sale, the chief financial officer now owns 678,000 shares in the company, valued at $2,122,140. The trade was a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kang Sun sold 34,353 shares of Amprius Technologies stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,088 shares of company stock valued at $235,025. Insiders own 12.80% 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.