Q4 EPS Estimate for Amprius Technologies Lowered by Analyst

Amprius Technologies, Inc. (NYSE:AMPX) – Equities research analysts at Northland Capmk decreased their Q4 2024 earnings per share estimates for Amprius Technologies in a 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 equities research analysts also recently weighed in on AMPX. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Cantor Fitzgerald started coverage on Amprius Technologies in a research report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. Finally, Northland Securities raised their price target on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $9.29.

Amprius Technologies Stock Performance

NYSE:AMPX opened at $2.00 on Friday. The stock has a fifty day moving average of $3.11 and a 200 day moving average of $2.05. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.21. The firm has a market capitalization of $211.15 million, a price-to-earnings ratio of -4.43 and a beta of 2.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPX. Bank of America Corp DE raised its position in shares of Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares during the period. Rhumbline Advisers raised its position in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after acquiring an additional 3,222 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after acquiring an additional 6,700 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Amprius Technologies in the fourth quarter worth about $28,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Amprius Technologies in the fourth quarter worth about $30,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amprius Technologies

In related news, insider Jonathan Bornstein sold 13,527 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $42,339.51. Following the sale, the insider now directly owns 419,197 shares of the company’s stock, valued at $1,312,086.61. This represents a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the 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 $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock valued at $235,025 in the last 90 days. 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.