Amprius Technologies (NYSE:AMPX) Updates Q4 2024 Earnings Guidance

Amprius Technologies (NYSE:AMPX) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of -0.110–0.100 for the period, compared to the consensus earnings per share estimate of -0.100. The company issued revenue guidance of $10.4 million-$10.6 million, compared to the consensus revenue estimate of $7.1 million. Amprius Technologies also updated its FY 2024 guidance to -0.460–0.450 EPS.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target on the stock. Finally, 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 report on Friday, January 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.29.

Amprius Technologies Price Performance

Shares of NYSE:AMPX traded down $0.13 during trading hours on Tuesday, hitting $2.22. The company’s stock had a trading volume of 3,193,158 shares, compared to its average volume of 3,523,765. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.20. The company has a market capitalization of $234.43 million, a price-to-earnings ratio of -4.92 and a beta of 2.45. The firm’s fifty day moving average price is $3.12 and its 200 day moving average price is $2.03.

Insider Activity

In other Amprius Technologies news, CEO Kang Sun sold 34,353 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $107,524.89. Following the sale, the chief executive officer now owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandra Wallach sold 18,142 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $56,784.46. Following the sale, the chief financial officer now directly owns 678,000 shares in the company, valued at approximately $2,122,140. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,088 shares of company stock worth $235,025. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

An institutional investor recently raised its position in Amprius Technologies stock. Bank of America Corp DE grew its holdings in Amprius Technologies, Inc. (NYSE:AMPX) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,890 shares of the company’s stock after acquiring an additional 3,055 shares during the period. Bank of America Corp DE’s holdings in Amprius Technologies were worth $36,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Amprius Technologies Company Profile

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.