Amplitude Inc. (NASDAQ: AMPL) stock jumped 1.57% on Monday to $11.63 against a previous-day closing price of $11.45. With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $11.72 whereas the lowest price it dropped to was $11.34. The 52-week range on AMPL shows that it touched its highest point at $17.73 and its lowest point at $8.50 during that stretch. It currently has a 1-year price target of $13.00. Beta for the stock currently stands at 1.41.
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 -7.26%, but this was up by 3.65% over a month. Three-month performance surged to 6.02% while six-month performance fell -3.49%. The stock lost -29.90% in the past year, while it has lost -3.73% so far this year. A look at the trailing 12-month EPS for AMPL yields -0.88 with Next year EPS estimates of 0.12. For the next quarter, that number is 0.03. This implies an EPS growth rate of -22.80% for this year and 210.53% for next year.
Float and Shares Shorts:
At present, 116.17 million AMPL shares are outstanding with a float of 78.12 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.54 million, which was 1.30% higher than short shares on Jul 30, 2023. In addition to Mr. Spenser Skates as the firm’s Co-Founder, CEO & Chairperson, Mr. Thomas Neergaard Hansen serves as its Pres.
Through their ownership of 64.75% of AMPL’s outstanding shares, institutional investors have majority control over the company.
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, AMPL reported revenue of $58.13M and operating income of -$24.58M. The EBITDA in the recently reported quarter was -$23.57M and diluted EPS was -$0.22.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMPL 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 AMPL analysts setting a high price target of $15.00 and a low target of $10.00, the average target price over the next 12 months is $13.00. Based on these targets, AMPL could surge 28.98% to reach the target high and fall by -14.02% to reach the target low. Reaching the average price target will result in a growth of 11.78% 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 AMPL stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 313,600 shares were bought while 40,064 shares were sold. The number of buy transactions has increased to 62 while that of sell transactions has risen to 43 over the past year. The total number of shares bought during that period was 18,410,661 while 9,032,373 shares were sold.