Northland Capmk Weighs in on Amprius Technologies, Inc.’s Q3 2024 Earnings (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) – Investment analysts at Northland Capmk issued their Q3 2024 earnings per share estimates for shares of Amprius Technologies in a research report issued to clients and investors on Wednesday, October 2nd. Northland Capmk analyst E. Jackson forecasts that the company will post earnings per share of ($0.15) for the quarter. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.49) per share. Northland Capmk also issued estimates for Amprius Technologies’ Q4 2024 earnings at ($0.12) EPS and FY2024 earnings at ($0.51) EPS.

Other equities analysts have also issued research reports about the company. Northland Securities lowered their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, August 12th. Oppenheimer decreased their price target on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, Roth Mkm dropped their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $8.17.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock opened at $1.22 on Friday. The company’s fifty day moving average is $1.02 and its two-hundred day moving average is $1.42. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $6.02. The company has a market capitalization of $131.72 million, a P/E ratio of -2.84 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The business had revenue of $3.35 million for the quarter, compared to analysts’ expectations of $2.45 million. Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. During the same quarter last year, the business posted ($0.11) earnings per share.

Institutional Investors Weigh In On Amprius Technologies

A number of large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Amprius Technologies during the second quarter worth about $72,000. AQR Capital Management LLC acquired a new stake in Amprius Technologies during the second quarter worth approximately $99,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after acquiring an additional 10,300 shares during the period. 5.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the sale, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the transaction, the chief executive officer now directly owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Justin E. Mirro sold 250,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the transaction, the director now directly owns 1,195,000 shares of the company’s stock, valued at approximately $967,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 469,683 shares of company stock valued at $425,318 over the last quarter. Company insiders own 12.80% 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.