Cantor Fitzgerald Forecasts AMPX FY2024 Earnings

Amprius Technologies, Inc. (NYSE:AMPX) – Cantor Fitzgerald issued their FY2024 EPS estimates for shares of Amprius Technologies in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg forecasts 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 objective on the stock. The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.45) per share. Cantor Fitzgerald also issued estimates for Amprius Technologies’ FY2025 earnings at ($0.35) EPS.

AMPX has been the topic of several other research reports. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Northland Securities lifted their price objective 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. Finally, HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Six research 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, the company has a consensus rating of “Buy” and a consensus price target of $9.29.

Amprius Technologies Stock Performance

Shares of AMPX opened at $3.63 on Thursday. Amprius Technologies has a 1 year low of $0.61 and a 1 year high of $4.70. The stock has a market capitalization of $383.67 million, a PE ratio of -8.06 and a beta of 2.42. The stock has a 50-day simple moving average of $2.48 and a 200-day simple moving average of $1.65.

Amprius Technologies (NYSE:AMPX) last released its earnings results 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. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The firm had revenue of $7.86 million during the quarter, compared to analyst estimates of $7.70 million. During the same period last year, the business posted ($0.10) earnings per share.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 17,158 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the transaction, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,903 shares of company stock worth $86,050 in the last ninety days. 12.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC acquired a new stake in shares of Amprius Technologies during the fourth quarter worth $30,000. B. Riley Wealth Advisors Inc. raised its position in Amprius Technologies by 84.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Amprius Technologies by 343.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,939 shares during the period. Hamilton Lane Advisors LLC purchased a new stake in shares of Amprius Technologies in the fourth quarter valued at about $129,000. Finally, XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the second quarter worth about $72,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

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.