Amprius Technologies (AMPX) Expected to Announce Earnings on Thursday

Amprius Technologies (NYSE:AMPX) is expected to be announcing its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $7.12 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Amprius Technologies Stock Up 5.9 %

Shares of NYSE:AMPX opened at $1.89 on Thursday. The company has a market cap of $199.51 million, a P/E ratio of -4.19 and a beta of 2.56. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.21. The business has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $2.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMPX shares. Cantor Fitzgerald started coverage on Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective for the company. Northland Securities lifted their price objective on Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Amprius Technologies presently has a consensus rating of “Buy” and an average target price of $9.29.

Insider Buying and Selling at Amprius Technologies

In other Amprius Technologies news, CFO Sandra Wallach sold 18,142 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 $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. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $3.13, for a total value of $28,376.58. Following the sale, the chief technology officer now directly owns 421,489 shares of the company’s stock, valued at approximately $1,319,260.57. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,088 shares of company stock valued at $235,025. Company insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Amprius Technologies stock. Bank of America Corp DE grew 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. 5.04% of the stock is currently owned by institutional investors.

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.