Amprius Technologies (AMPX) to Release Quarterly Earnings on Thursday

Amprius Technologies (NYSE:AMPX) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Amprius Technologies to post earnings of ($0.11) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Amprius Technologies (NYSE:AMPX) last released its earnings results on Thursday, March 21st. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $3.94 million during the quarter, compared to the consensus estimate of $2.60 million. Amprius Technologies had a negative net margin of 406.23% and a negative return on equity of 56.74%. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, analysts expect Amprius Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Amprius Technologies Stock Performance

AMPX opened at $2.07 on Wednesday. The company has a 50-day moving average of $2.35 and a 200-day moving average of $3.38. The company has a market capitalization of $189.61 million, a P/E ratio of -4.81 and a beta of 2.96. Amprius Technologies has a 1-year low of $1.56 and a 1-year high of $10.63.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMPX. B. Riley dropped their target price on shares of Amprius Technologies from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Oppenheimer reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Amprius Technologies in a research report on Friday, March 22nd. Roth Mkm assumed coverage on shares of Amprius Technologies in a research report on Thursday, January 11th. They set a “buy” rating and a $10.00 price objective for the company. Roth Capital reaffirmed a “buy” rating on shares of Amprius Technologies in a research report on Thursday, January 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Amprius Technologies has an average rating of “Moderate Buy” and an average target price of $10.20.

Insiders Place Their Bets

In other Amprius Technologies news, insider Jonathan Bornstein sold 109,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $2.92, for a total value of $320,616.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.90% of the stock is owned by insiders.

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.