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

Amprius Technologies, Inc. (NYSE:AMPX) – Analysts at B. Riley issued their FY2024 earnings estimates for shares of Amprius Technologies in a note issued to investors on Wednesday, February 26th. B. Riley analyst R. Pfingst expects 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.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald started coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an “overweight” rating and a $10.00 target price for the company. Northland Securities upped their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $9.29.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX opened at $2.56 on Friday. The stock has a market capitalization of $270.42 million, a price-to-earnings ratio of -5.68 and a beta of 2.45. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.20. The company has a 50 day moving average price of $3.11 and a 200 day moving average price of $2.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its position 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 during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Amprius Technologies in the 4th quarter worth $28,000. Kingswood Wealth Advisors LLC acquired a new stake in Amprius Technologies in the 4th quarter worth $30,000. O Dell Group LLC acquired a new stake in Amprius Technologies in the 4th quarter worth $35,000. Finally, Bank of America Corp DE grew its position in Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after purchasing an additional 3,055 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amprius Technologies

In related news, CEO Kang Sun sold 34,353 shares of the firm’s 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 transaction, the chief executive officer now directly owns 1,282,621 shares in the company, valued at approximately $4,014,603.73. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sandra Wallach sold 18,142 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $56,784.46. Following the completion of the transaction, the chief financial officer now owns 678,000 shares in the company, valued at $2,122,140. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,088 shares of company stock worth $235,025 in the last 90 days. 12.80% of the stock is owned by 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.