Amprius Technologies, Inc. (NYSE:AMPX) Expected to Earn Q3 2024 Earnings of ($0.10) Per Share

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Equities researchers at HC Wainwright increased their Q3 2024 earnings estimates for Amprius Technologies in a note issued to investors on Thursday, April 4th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of ($0.10) for the quarter, up from their prior estimate of ($0.11). HC Wainwright has a "Buy" rating and a $10.00 price objective on the stock. The consensus estimate for Amprius Technologies' current full-year earnings is ($0.42) per share. HC Wainwright also issued estimates for Amprius Technologies' FY2024 earnings at ($0.41) EPS, FY2025 earnings at ($0.32) EPS, FY2026 earnings at ($0.23) EPS and FY2027 earnings at ($0.03) EPS.

A number of other equities analysts have also recently commented on the stock. Roth Capital reaffirmed a "buy" rating on shares of Amprius Technologies in a report on Thursday, January 11th. Oppenheimer reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Amprius Technologies in a report on Friday, March 22nd. Roth Mkm started coverage on shares of Amprius Technologies in a report on Thursday, January 11th. They issued a "buy" rating and a $10.00 target price on the stock. Finally, William Blair assumed coverage on shares of Amprius Technologies in a report on Monday, December 18th. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Amprius Technologies has an average rating of "Moderate Buy" and an average price target of $11.60.

Amprius Technologies Stock Performance

AMPX stock traded up $0.07 during midday trading on Monday, reaching $2.11. 1,050,367 shares of the company were exchanged, compared to its average volume of 603,278. The stock's 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.74. The company has a market cap of $193.27 million, a price-to-earnings ratio of -4.91 and a beta of 2.84. Amprius Technologies has a 1-year low of $1.95 and a 1-year high of $10.63.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings data 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 net margin of 406.23% and a negative return on equity of 56.74%. The company had revenue of $3.94 million for the quarter, compared to analysts' expectations of $2.60 million. During the same quarter last year, the company earned ($0.07) earnings per share.

Institutional Trading of Amprius Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AMPX. Cubist Systematic Strategies LLC acquired a new stake in Amprius Technologies during the 3rd quarter worth approximately $114,000. Citadel Advisors LLC purchased a new position in Amprius Technologies in the 3rd quarter worth approximately $118,000. Jane Street Group LLC purchased a new position in Amprius Technologies in the 3rd quarter worth approximately $474,000. JPMorgan Chase & Co. purchased a new position in Amprius Technologies in the 4th quarter worth approximately $44,000. Finally, Geode Capital Management LLC purchased a new position in Amprius Technologies in the 4th quarter worth approximately $710,000. Institutional investors and hedge funds own 5.04% of the company's stock.

Insider Activity

In other news, insider Jonathan Bornstein sold 109,800 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total transaction of $320,616.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 14.90% 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.