Amprius Technologies (AMPX) to Release Earnings on Thursday

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

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $3.35 million during the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. During the same period last year, the firm earned ($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 Up 0.7 %

AMPX opened at $1.51 on Thursday. The firm has a market cap of $167.69 million, a P/E ratio of -3.36 and a beta of 2.71. The business’s fifty day simple moving average is $1.12 and its 200 day simple moving average is $1.30. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $6.02.

Insiders Place Their Bets

In other news, Director Justin E. Mirro sold 135,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now owns 1,510,000 shares in the company, valued at approximately $1,510,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amprius Technologies news, Director Justin E. Mirro sold 135,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now directly owns 1,510,000 shares in the company, valued at $1,510,000. The trade was 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 through this hyperlink. Also, Director Justin E. Mirro sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $0.81, for a total transaction of $202,500.00. Following the completion of the transaction, the director now directly owns 1,195,000 shares in the company, valued at approximately $967,950. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 469,683 shares of company stock worth $425,318 over the last three months. 12.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMPX. Roth Mkm lowered their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a report on Friday, August 9th. Oppenheimer lowered their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Northland Securities reduced their price target on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.17.

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.