With 2.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $6.11 whereas the lowest price it dropped to was $5.92. The 52-week range on AMPS shows that it touched its highest point at $14.72 and its lowest point at $4.08 during that stretch. It currently has a 1-year price target of $10.21. Beta for the stock currently stands at 0.76.
Price Performance and Earnings:
Three-month performance surged to 9.60% while six-month performance rose 4.85%. The stock lost -52.14% in the past year, while it has lost -7.21% so far this year. A look at the trailing 12-month EPS for AMPS yields -0.14 with Next year EPS estimates of 0.17. For the next quarter, that number is 0.04. This implies an EPS growth rate of 833.30% for this year and 97.62% for next year.
Float and Shares Shorts:
At present, 158.72 million AMPS shares are outstanding with a float of 82.07 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.96 million, which was 3.12% higher than short shares on Jul 30, 2023. In addition to Mr. Lars R. Norell as the firm’s Co-Founder, Co-CEO & Director, Mr. Gregg J. Felton II serves as its Co-Founder, Co-CEO & Director.
Through their ownership of 49.93% of AMPS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 65.54% of AMPS, in contrast to 32.45% held by mutual funds. Shares owned by individuals account for 15.60%. As the largest shareholder in AMPS with 13.28% of the stake, Blackstone Alternative Credit Adv holds 21,116,125 shares worth 21,116,125. A second-largest stockholder of AMPS, BlackRock Fund Advisors, holds 4,701,508 shares, controlling over 2.96% of the firm’s shares. ValueAct Capital Management LP is the third largest shareholder in AMPS, holding 4,017,628 shares or 2.53% stake. With a 2.52% stake in AMPS, the Robeco Capital Gr. Fds. – RobecoS is the largest stakeholder. A total of 4,000,000 shares are owned by the mutual fund manager. The Swedbank Robur Transition Energy, which owns about 1.48% of AMPS stock, is the second-largest Mutual Fund holder. It holds 2,345,400 shares valued at 15.15 million. Vanguard Total Stock Market ETF holds 1.35% of the stake in AMPS, owning 2,139,508 shares worth 13.82 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AMPS reported revenue of $24.76M and operating income of $4.39M. The EBITDA in the recently reported quarter was $28.57M and diluted EPS was $0.16.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMPS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMPS analysts setting a high price target of $12.00 and a low target of $8.50, the average target price over the next 12 months is $10.25. Based on these targets, AMPS could surge 98.35% to reach the target high and rise by 40.5% to reach the target low. Reaching the average price target will result in a growth of 69.42% 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.
Summary of Insider Activity:
Insiders traded AMPS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 12,897,328 while 17,724,554 shares were sold.