Amprius Technologies (AMPX) Set to Announce Earnings on Thursday

Amprius Technologies (NYSE:AMPX) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The business had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. During the same period last year, the business posted ($0.11) earnings per share. On average, analysts expect Amprius Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Amprius Technologies Stock Performance

AMPX stock traded up $0.10 during midday trading on Tuesday, reaching $1.29. 719,075 shares of the company’s stock traded hands, compared to its average volume of 883,132. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $6.02. The company has a 50-day moving average price of $1.13 and a two-hundred day moving average price of $1.29. The firm has a market capitalization of $143.25 million, a PE ratio of -2.88 and a beta of 2.42.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMPX. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, August 12th. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Oppenheimer dropped their price objective on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Northland Securities lowered their price objective on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Roth Mkm decreased their target price on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $8.17.

Insider Activity

In related news, CEO Kang Sun sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the transaction, the chief executive officer now owns 1,350,753 shares in the company, valued at $1,404,783.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Justin E. Mirro sold 135,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total value of $135,000.00. Following the completion of the transaction, the director now directly owns 1,510,000 shares of the company’s stock, valued at $1,510,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kang Sun sold 33,333 shares of Amprius Technologies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total value of $34,666.32. Following the sale, the chief executive officer now directly owns 1,350,753 shares in the company, valued at approximately $1,404,783.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 469,683 shares of company stock valued at $425,318. Insiders own 12.80% 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.