Q1 2024 EPS Estimates for Amprius Technologies, Inc. Cut by Analyst (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) – Investment analysts at B. Riley decreased their Q1 2024 EPS estimates for Amprius Technologies in a research note issued to investors on Tuesday, April 30th. B. Riley analyst C. Souther now expects that the company will post earnings per share of ($0.13) for the quarter, down from their previous estimate of ($0.10). B. Riley currently has a “Buy” rating and a $6.00 target price 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.

A number of other analysts have also weighed in on AMPX. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Thursday, April 4th. Oppenheimer restated an “outperform” rating and issued a $15.00 price objective on shares of Amprius Technologies in a report on Friday, March 22nd. Roth Mkm assumed coverage on Amprius Technologies in a research note on Thursday, January 11th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Roth Capital restated a “buy” rating on shares of Amprius Technologies in a research note 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.20.

Amprius Technologies Price Performance

AMPX opened at $2.01 on Thursday. The firm has a market cap of $184.11 million, a PE ratio of -4.67 and a beta of 2.84. The stock has a 50-day moving average price of $2.45 and a 200-day moving average price of $3.42. Amprius Technologies has a 1 year low of $1.56 and a 1 year high of $10.63.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating 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) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. bought a new stake in shares of Amprius Technologies during the third quarter valued at approximately $8,006,000. Kestra Advisory Services LLC purchased a new stake in Amprius Technologies in the 3rd quarter worth $484,000. Barclays PLC boosted its holdings in shares of Amprius Technologies by 2,623.0% during the 3rd quarter. Barclays PLC now owns 29,163 shares of the company’s stock valued at $140,000 after purchasing an additional 28,092 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Amprius Technologies in the fourth quarter worth about $84,000. Finally, International Assets Investment Management LLC bought a new position in Amprius Technologies during the fourth quarter valued at approximately $710,000. 5.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amprius Technologies

In related news, insider Jonathan Bornstein sold 150,000 shares of Amprius Technologies stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $4.43, for a total transaction of $664,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.