Amplitude Inc. (NASDAQ: AMPL) stock jumped 4.55% on Wednesday to $14.02 against a previous-day closing price of $13.41. With 0.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.47 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $14.16 whereas the lowest price it dropped to was $13.21. The 52-week range on AMPL shows that it touched its highest point at $72.17 and its lowest point at $13.15 during that stretch. It currently has a 1-year price target of $20.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMPL was down-trending over the past week, with a drop of -1.54%, but this was down by -12.65% over a month. Three-month performance dropped to -14.51% while six-month performance fell -21.72%. The stock lost -79.46% in the past year, while it has lost -73.52% so far this year. A look at the trailing 12-month EPS for AMPL yields -0.82 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.04. This implies an EPS growth rate of -184.60% for this year and 0.00% for next year.
Float and Shares Shorts:
At present, 112.02 million AMPL shares are outstanding with a float of 64.56 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.28 million, which was 3.81% higher than short shares on Sep 14, 2022. In addition to Mr. Spenser Skates as the firm’s Co-Founder, CEO & Chairperson, Mr. Hoang Vuong serves as its CFO & Treasurer.
Through their ownership of 69.20% of AMPL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 25.95% of AMPL, in contrast to 25.68% held by mutual funds. Shares owned by individuals account for 17.20%. As the largest shareholder in AMPL with 6.74% of the stake, The Vanguard Group, Inc. holds 4,628,616 shares worth 4,628,616. A second-largest stockholder of AMPL, SoMa Equity Partners LP, holds 3,500,000 shares, controlling over 5.10% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AMPL, holding 3,012,426 shares or 4.39% stake. With a 2.01% stake in AMPL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,377,277 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.88% of AMPL stock, is the second-largest Mutual Fund holder. It holds 1,245,880 shares valued at 20.93 million. Vanguard Small Cap Index Fund holds 1.74% of the stake in AMPL, owning 1,192,824 shares worth 20.04 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMPL since 10 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMPL analysts setting a high price target of $28.00 and a low target of $17.00, the average target price over the next 12 months is $20.89. Based on these targets, AMPL could surge 99.71% to reach the target high and rise by 21.26% to reach the target low. Reaching the average price target will result in a growth of 49.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMPL will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of -$0.21 being high and -$0.22 being low. For AMPL, this leads to a yearly average estimate of -$0.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Amplitude Inc. surprised analysts by $0.05 when it reported -$0.03 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.04. The average estimate for the next quarter is thus -$0.04.
Summary of Insider Activity:
Insiders traded AMPL stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 21,552 shares were bought while 12,968 shares were sold. The number of buy transactions has increased to 114 while that of sell transactions has risen to 74 over the past year. The total number of shares bought during that period was 28,052,935 while 9,365,882 shares were sold.