Cantor Fitzgerald Predicts AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX) – Equities research analysts at Cantor Fitzgerald issued their FY2024 earnings estimates for Amprius Technologies in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the company will post earnings per share of ($0.45) for the year. Cantor Fitzgerald has a “Overweight” rating and a $10.00 price target on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.44) per share. Cantor Fitzgerald also issued estimates for Amprius Technologies’ FY2025 earnings at ($0.35) EPS.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same quarter last year, the firm posted ($0.10) earnings per share.

A number of other analysts also recently weighed in on AMPX. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Finally, Northland Securities raised their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $9.29.

Amprius Technologies Stock Down 3.0 %

AMPX opened at $3.36 on Thursday. The firm has a market capitalization of $355.09 million, a P/E ratio of -7.46 and a beta of 2.42. The firm’s 50 day moving average is $2.45 and its 200-day moving average is $1.64. Amprius Technologies has a 52-week low of $0.61 and a 52-week high of $4.70.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AMPX. Geode Capital Management LLC increased its stake in shares of Amprius Technologies by 50.9% in the third quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after purchasing an additional 184,863 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Amprius Technologies by 124.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after purchasing an additional 152,102 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Amprius Technologies in the second quarter valued at approximately $99,000. XTX Topco Ltd acquired a new stake in shares of Amprius Technologies in the second quarter valued at approximately $72,000. Finally, Hamilton Lane Advisors LLC acquired a new stake in shares of Amprius Technologies in the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 17,158 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the sale, the chief financial officer now owns 696,142 shares in the company, valued at $1,364,438.32. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Bornstein sold 18,170 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now owns 454,131 shares in the company, valued at approximately $890,096.76. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,903 shares of company stock worth $86,050 over the last quarter. 12.80% of the stock is 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.