Q1 2024 EPS Estimates for Amprius Technologies, Inc. Decreased by B. Riley (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Equities research analysts at B. Riley cut their Q1 2024 EPS estimates for shares of Amprius Technologies in a research report issued to clients and 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 previous estimate 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 ($0.42) 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 - Get Free Report) last issued its earnings results on Thursday, March 21st. The company reported ($0.11) earnings per share (EPS) 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 business had revenue of $3.94 million during the quarter, compared to analysts' expectations of $2.60 million. During the same quarter in the previous year, the business earned ($0.07) EPS.

A number of other equities analysts have also recently weighed in on AMPX. Roth Mkm initiated coverage on Amprius Technologies in a report on Thursday, January 11th. They issued a "buy" rating and a $10.00 price target for the company. Oppenheimer reissued an "outperform" rating and set a $15.00 price target on shares of Amprius Technologies in a research report on Friday, March 22nd. HC Wainwright reissued a "buy" rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Thursday, April 4th. Finally, Roth Capital reissued a "buy" rating on shares of Amprius Technologies in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Amprius Technologies has a consensus rating of "Moderate Buy" and an average price target of $10.20.

Amprius Technologies Price Performance

NYSE AMPX traded up $0.15 on Thursday, reaching $2.16. The company had a trading volume of 519,805 shares, compared to its average volume of 612,067. The firm has a market capitalization of $197.86 million, a PE ratio of -5.02 and a beta of 2.96. Amprius Technologies has a 1 year low of $1.56 and a 1 year high of $10.63. The firm has a 50-day moving average of $2.42 and a 200-day moving average of $3.41.

Insider Activity

In related news, insider Jonathan Bornstein sold 150,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $4.43, for a total value of $664,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. purchased a new stake in shares of Amprius Technologies during the 3rd quarter worth about $8,006,000. Kestra Advisory Services LLC acquired a new position in shares of Amprius Technologies during the 3rd quarter valued at about $484,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Amprius Technologies during the 3rd quarter valued at about $58,000. Pathstone Family Office LLC acquired a new position in shares of Amprius Technologies during the 3rd quarter valued at about $60,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Amprius Technologies during the 4th quarter valued at about $710,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.