Northland Capmk Has Bearish Forecast for AMPX Q4 Earnings

Amprius Technologies, Inc. (NYSE:AMPX) – Analysts at Northland Capmk decreased their Q4 2024 earnings per share (EPS) estimates for shares of Amprius Technologies in a research report issued on Wednesday, March 5th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings per share of ($0.11) for the quarter, down from their prior estimate of ($0.09). The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.45) per share.

Several other brokerages have also commented on AMPX. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective for the company. Northland Securities increased their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $9.29.

Amprius Technologies Stock Up 0.3 %

Shares of Amprius Technologies stock opened at $2.00 on Friday. The company has a market cap of $211.15 million, a PE ratio of -4.43 and a beta of 2.56. The business has a 50 day moving average of $3.11 and a 200 day moving average of $2.04. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.21.

Institutional Trading of Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Amprius Technologies in the fourth quarter worth approximately $4,081,000. Invesco Ltd. raised its holdings in Amprius Technologies by 56.5% in the 4th quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock worth $6,957,000 after acquiring an additional 897,222 shares during the last quarter. Renaissance Technologies LLC lifted its position in Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after acquiring an additional 752,000 shares in the last quarter. Millennium Management LLC purchased a new stake in Amprius Technologies during the 4th quarter valued at $2,009,000. Finally, Two Sigma Investments LP boosted its stake in Amprius Technologies by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock valued at $1,241,000 after purchasing an additional 338,524 shares during the last quarter. 5.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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