Amprius Technologies (AMPX) Expected to Announce Quarterly Earnings on Thursday

Amprius Technologies (NYSE:AMPX) is expected to be posting its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect Amprius Technologies to post earnings of ($0.11) per share and revenue of $7.12 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Amprius Technologies Price Performance

Shares of AMPX stock opened at $2.26 on Wednesday. The firm has a fifty day moving average of $2.95 and a two-hundred day moving average of $2.10. The firm has a market cap of $238.67 million, a P/E ratio of -5.01 and a beta of 2.56. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $4.21.

Insider Activity at Amprius Technologies

In related news, CTO Constantin Ionel Stefan sold 9,066 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kang Sun sold 34,353 shares of the company’s stock in a transaction on 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. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,088 shares of company stock valued at $235,025 in the last quarter. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Amprius Technologies

An institutional investor recently raised its position in Amprius Technologies stock. Bank of America Corp DE grew its holdings in shares of Amprius Technologies, Inc. (NYSE:AMPX) by 31.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,890 shares of the company’s stock after acquiring an additional 3,055 shares during the quarter. Bank of America Corp DE’s holdings in Amprius Technologies were worth $36,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analyst Weigh In

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

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.