What is B. Riley’s Forecast for AMPX FY2024 Earnings?

Amprius Technologies, Inc. (NYSE:AMPX) – Equities researchers at B. Riley issued their FY2024 EPS estimates for Amprius Technologies in a research note issued on Wednesday, February 26th. B. Riley analyst R. Pfingst anticipates that the company will earn ($0.44) per share for the year. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.45) per share. B. Riley also issued estimates for Amprius Technologies’ Q4 2024 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.12) EPS, FY2025 earnings at ($0.47) EPS and FY2026 earnings at ($0.21) EPS.

Several other brokerages have also issued reports on AMPX. Northland Securities raised their target price on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $9.29.

Amprius Technologies Trading Down 8.5 %

Shares of Amprius Technologies stock opened at $2.54 on Friday. The business’s fifty day simple moving average is $3.10 and its 200 day simple moving average is $2.00. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $4.20. The firm has a market capitalization of $268.30 million, a P/E ratio of -5.63 and a beta of 2.45.

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock worth $27,000 after purchasing an additional 3,222 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Amprius Technologies in the fourth quarter worth $28,000. JPMorgan Chase & Co. boosted its stake in Amprius Technologies by 343.1% during the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after buying an additional 20,939 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Amprius Technologies during the fourth quarter worth about $30,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock worth $31,000 after buying an additional 6,700 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Sandra Wallach sold 18,142 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the sale, the chief financial officer now owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Bornstein sold 13,527 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $42,339.51. Following the completion of the transaction, the insider now owns 419,197 shares of the company’s stock, valued at approximately $1,312,086.61. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock worth $235,025 over the last quarter. 12.80% of the stock is currently owned by company insiders.

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.