Northland Capmk Weighs in on Amprius Technologies, Inc.’s Q3 2024 Earnings (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) – Northland Capmk issued their Q3 2024 earnings estimates for shares of Amprius Technologies in a research note issued on Wednesday, October 2nd. Northland Capmk analyst E. Jackson anticipates that the company will earn ($0.15) per share for the quarter. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.49) per share. Northland Capmk also issued estimates for Amprius Technologies’ Q4 2024 earnings at ($0.12) EPS and FY2024 earnings at ($0.51) EPS.

AMPX has been the topic of a number of other research reports. Roth Mkm reduced their target price on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, August 12th. Oppenheimer decreased their target price on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. B. Riley upgraded shares of Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, Northland Securities reduced their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.17.

Amprius Technologies Stock Up 15.1 %

Shares of NYSE AMPX opened at $1.22 on Friday. The stock has a market capitalization of $131.72 million, a PE ratio of -2.84 and a beta of 2.71. The firm has a fifty day moving average of $1.02 and a 200-day moving average of $1.42. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $6.02.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $3.35 million during the quarter, compared to analysts’ expectations of $2.45 million. Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. During the same quarter in the previous year, the firm posted ($0.11) earnings per share.

Institutional Trading of Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. grew its stake in Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after purchasing an additional 3,575 shares in the last quarter. XTX Topco Ltd acquired a new stake in Amprius Technologies during the second quarter valued at approximately $72,000. Finally, AQR Capital Management LLC bought a new position in Amprius Technologies during the 2nd quarter worth approximately $99,000. Institutional investors own 5.04% of the company’s stock.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the transaction, the chief executive officer now directly owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Justin E. Mirro sold 135,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total value of $135,000.00. Following the completion of the transaction, the director now directly owns 1,510,000 shares of the company’s stock, valued at $1,510,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 469,683 shares of company stock worth $425,318. 12.80% of the stock is currently owned by company insiders.

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.