Amprius Technologies (NYSE:AMPX) Issues Q4 2024 Earnings Guidance

Amprius Technologies (NYSE:AMPX) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -0.110–0.100 for the period, compared to the consensus estimate of -0.100. The company issued revenue guidance of $10.4 million-$10.6 million, compared to the consensus revenue estimate of $7.1 million. Amprius Technologies also updated its FY 2024 guidance to -0.460–0.450 EPS.

Amprius Technologies Price Performance

AMPX stock opened at $2.07 on Thursday. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.20. The business has a 50-day moving average price of $3.13 and a 200 day moving average price of $2.04. The company has a market capitalization of $218.56 million, a P/E ratio of -4.59 and a beta of 2.45.

Analysts Set New Price Targets

A number of research firms have weighed in on AMPX. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Northland Securities upped their price objective on Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 target price on the stock. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $9.29.

Insider Transactions at Amprius Technologies

In other news, CEO Kang Sun sold 34,353 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares in the company, valued at $4,014,603.73. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Constantin Ionel Stefan sold 9,066 shares of Amprius Technologies stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares of the company’s stock, valued at $1,319,260.57. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,088 shares of company stock worth $235,025 over the last three months. 12.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

A hedge fund recently raised its stake in Amprius Technologies stock. Bank of America Corp DE increased its stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,890 shares of the company’s stock after purchasing an additional 3,055 shares during the period. Bank of America Corp DE’s holdings in Amprius Technologies were worth $36,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 5.04% 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.