Q3 2024 Earnings Forecast for Amprius Technologies, Inc. Issued By HC Wainwright (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) – Investment analysts at HC Wainwright lowered their Q3 2024 earnings estimates for shares of Amprius Technologies in a research note issued on Monday, August 12th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of ($0.13) per share for the quarter, down from their prior estimate of ($0.10). HC Wainwright currently has a “Buy” rating and a $10.00 target price on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.43) per share. HC Wainwright also issued estimates for Amprius Technologies’ Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.51) EPS, FY2025 earnings at ($0.33) EPS, FY2026 earnings at ($0.21) EPS and FY2028 earnings at $0.10 EPS.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The business had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. During the same quarter in the previous year, the firm posted ($0.11) earnings per share.

Several other equities analysts have also issued reports on the company. Roth Mkm reduced their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. Northland Securities lowered their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday. Oppenheimer cut their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Alliance Global Partners lowered their price objective on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $8.17.

Amprius Technologies Trading Up 5.7 %

Shares of NYSE:AMPX opened at $1.11 on Wednesday. Amprius Technologies has a 12-month low of $1.01 and a 12-month high of $6.02. The stock’s 50-day moving average price is $1.22 and its 200-day moving average price is $2.07. The stock has a market capitalization of $119.84 million, a P/E ratio of -2.58 and a beta of 2.71.

Hedge Funds Weigh In On Amprius Technologies

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new stake in Amprius Technologies during the 2nd quarter valued at about $99,000. XTX Topco Ltd bought a new position in shares of Amprius Technologies in the second quarter worth approximately $72,000. International Assets Investment Management LLC purchased a new stake in shares of Amprius Technologies during the fourth quarter valued at approximately $710,000. B. Riley Wealth Advisors Inc. increased its position in shares of Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after acquiring an additional 3,575 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Amprius Technologies by 45.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after acquiring an additional 2,597 shares during the last quarter. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amprius Technologies

In other Amprius Technologies news, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $1.13, for a total transaction of $293,800.00. Following the sale, the director now directly owns 1,467,142 shares of the company’s stock, valued at approximately $1,657,870.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Kang Sun sold 19,973 shares of Amprius Technologies stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total transaction of $26,564.09. Following the completion of the transaction, the insider now directly owns 1,399,697 shares of the company’s stock, valued at approximately $1,861,597.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Justin E. Mirro sold 260,000 shares of Amprius Technologies stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.13, for a total transaction of $293,800.00. Following the transaction, the director now directly owns 1,467,142 shares of the company’s stock, valued at $1,657,870.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 575,794 shares of company stock valued at $705,406. Company 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.