Amprius Technologies (NYSE:AMPX) Announces Quarterly Earnings Results

Amprius Technologies (NYSE:AMPX) issued its quarterly earnings data on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01, Zacks reports. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. The company had revenue of $10.63 million for the quarter, compared to the consensus estimate of $7.12 million.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $3.11 on Friday. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.21. The business has a 50-day moving average of $2.91 and a 200 day moving average of $2.12. The stock has a market capitalization of $328.63 million, a PE ratio of -6.90 and a beta of 2.56.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares in the company, valued at $1,319,260.57. The trade was a 2.11 % decrease in their position. The sale 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 stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the sale, the chief financial officer now owns 678,000 shares of the company’s stock, valued at approximately $2,122,140. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock worth $235,025 in the last three months. 12.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

An institutional investor recently raised its position in Amprius Technologies stock. Bank of America Corp DE raised its stake in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,890 shares of the company’s stock after purchasing an additional 3,055 shares during the quarter. Bank of America Corp DE’s holdings in Amprius Technologies were worth $36,000 at the end of the most recent reporting period. Institutional investors own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AMPX has been the topic of several recent analyst reports. Oppenheimer raised their price target on Amprius Technologies from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday. HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a research report on Friday. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating and set a $6.00 price objective on shares of Amprius Technologies in a report on Friday. Finally, B. Riley upped their target price on shares of Amprius Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amprius Technologies presently has an average rating of “Buy” and an average price target of $9.43.

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.