What is Northland Capmk’s Forecast for AMPX Q4 Earnings?

Amprius Technologies, Inc. (NYSE:AMPX) – Investment analysts at Northland Capmk decreased their Q4 2024 earnings per share estimates for Amprius Technologies in a report issued on Wednesday, March 5th. Northland Capmk analyst E. Jackson now forecasts that the company will earn ($0.11) per share for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Amprius Technologies’ current full-year earnings is ($0.45) per share.

Several other equities analysts have also issued reports on the company. Northland Securities upped their price target on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Cantor Fitzgerald assumed coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a research note on Monday, November 11th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amprius Technologies presently has a consensus rating of “Buy” and a consensus price target of $9.29.

Amprius Technologies Stock Performance

Shares of AMPX stock opened at $2.00 on Friday. The stock’s fifty day moving average is $3.12 and its 200-day moving average is $2.04. The stock has a market capitalization of $211.15 million, a PE ratio of -4.43 and a beta of 2.56. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.20.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CEO Kang Sun sold 34,353 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $107,524.89. Following the transaction, the chief executive officer now owns 1,282,621 shares of the company’s stock, valued at approximately $4,014,603.73. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandra Wallach sold 18,142 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the transaction, the chief financial officer now directly owns 678,000 shares in the company, valued at $2,122,140. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,088 shares of company stock valued at $235,025. 12.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its holdings in shares of Amprius Technologies by 55.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 45,500 shares of the company’s stock worth $127,000 after acquiring an additional 16,300 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Amprius Technologies in the fourth quarter worth about $48,000. Two Sigma Advisers LP bought a new stake in shares of Amprius Technologies in the fourth quarter worth about $128,000. Two Sigma Investments LP increased its holdings in shares of Amprius Technologies by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 443,311 shares of the company’s stock worth $1,241,000 after acquiring an additional 338,524 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Amprius Technologies in the fourth quarter worth about $2,009,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

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.