Amprius Technologies (NYSE:AMPX) Releases Earnings Results, Misses Expectations By $0.01 EPS

Amprius Technologies (NYSE:AMPX) posted its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. The company had revenue of $39.15 million during the quarter, compared to analyst estimates of $35.80 million. Amprius Technologies had a negative return on equity of 12.63% and a negative net margin of 35.16%.

Amprius Technologies Price Performance

NYSE AMPX traded down $0.36 on Tuesday, hitting $9.16. 6,771,416 shares of the company were exchanged, compared to its average volume of 7,474,158. The company’s 50 day moving average price is $9.10 and its 200-day moving average price is $13.24. The firm has a market capitalization of $1.30 billion, a P/E ratio of -31.59 and a beta of 2.36. Amprius Technologies has a twelve month low of $7.02 and a twelve month high of $24.23.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CTO Constantin Stefan sold 29,681 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the completion of the transaction, the chief technology officer directly owned 771,629 shares in the company, valued at $7,978,643.86. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 8,000 shares of Amprius Technologies stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $10.03, for a total transaction of $80,240.00. Following the completion of the transaction, the chief executive officer directly owned 594,096 shares in the company, valued at approximately $5,958,782.88. This trade represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 123,311 shares of company stock valued at $1,272,556. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMPX has been the topic of several research analyst reports. William Blair reissued an “outperform” rating on shares of Amprius Technologies in a research note on Friday. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group assumed coverage on shares of Amprius Technologies in a report on Wednesday, October 14th. They issued a “buy” rating and a $14.00 price objective for the company. HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective on shares of Amprius Technologies in a report on Tuesday, September 29th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.42.

Amprius Technologies Company Profile

Amprius Technologies, Inc. develops and manufactures lithium-ion batteries designed to provide high energy density and power. Its battery technology uses silicon-based anodes, an alternative to the graphite anodes commonly used in conventional lithium-ion cells. The company’s products are designed for applications where low weight and high performance are important, including electric aviation, drones, aerospace, defense and other mobility markets. Amprius offers silicon-anode cells for customers developing these systems.