Research analysts HC Wainwright lowered their earnings estimates for Amprius Technologies, Inc. (NYSE:AMPX)

VaselineAugust 14, 2024

0 4 minutes read

Amprius Technologies, Inc. (NYSE:AMPX – Free Report) – Investment analysts at HC Wainwright decreased their Q3 2024 earnings per share estimates for shares of Amprius Technologies in a report issued on Monday, August 12th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of ($0.13) for the quarter, down from their prior estimate of ($0.10). HC Wainwright has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.43) per share. HC Wainwright also issued estimates for Amprius Technologies’ Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.51) EPS, FY2025 earnings at ($0.33) EPS. EPS, 2026 earnings at ($0.21) EPS at ($0.21) and $20 with EPS.

AMX has been the subject of several other research reports. B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. Northland Securities cut their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday. Alliance Global Partners cut their price objective on Amprius Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Oppenheimer cut their price target on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Roth Mkm cut their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $8.17, according to MarketBeat.com.

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Amprius Technologies stock rose 1.9%

AMX opened at $1.06 on Wednesday. The company’s 50-day moving average price is $1.23 and its two-hundred-day moving average price is $2.09. Amprius Technologies has a 12-month low of $1.01 and a 12-month high of $6.17. The stock has a market cap of $114.45 million, a price-to-earnings ratio of -2.47 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The company had revenue of $3.35 million during the quarter, compared to analysts’ expectations of $2.45 million. During the same period last year, the company posted ($0.11) earnings per share.

Hedge funds influence Amprius Technologies

A number of large investors have recently bought and sold shares of AMpx. XTX Topco Ltd bought a new stake in Amprius Technologies in the second quarter valued at $72,000. B. Riley Wealth Advisors Inc. boosted its stake in Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after acquiring an additional 3,575 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Amprius Technologies by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock worth $44,000 after purchasing an additional 2,597 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Amprius Technologies in the fourth quarter valued at about $710,000. 5.04% of the shares are held by hedge funds and other institutional investors.

Insider activity at Amprius Technologies

In other news, insider Kang Sun sold 19,973 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total transaction of $26,564.09. Following the transaction, the insider now directly owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, insider Kang Sun sold 19,973 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $1.33, for a total value of $26,564.09. Following the completion of the sale, the insider now directly owns 1,399,697 shares in the company, valued at approximately $1,861,597.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Justin E. Mirro sold 280,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1.30, for a total transaction of $364,000.00. Following the completion of the sale, the director now directly owns 1,715,000 shares of the company’s stock, valued at approximately $2,229,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold a total of 575,794 shares of company stock worth $705,406. 12.80% of shares are owned by insiders.

Amprius Technologies Company Profile

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Amprius Technologies, Inc manufactures 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.