As of Friday close, Amplify Energy Corp.’s (NYSE:AMPY) stock was up $0.24, moving up 3.76 percent to $6.63. The average number of shares traded per day over the past five days has been 710,580 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.56 fall in that time frame. In the last twenty days, the average volume was 717,960, while in the previous 50 days, it was 575,070.
Since last month, AMPY stock retreated -2.93%. Shares of the company fell to $6.33 on 08/18/23, the lowest level in the past month. A 52-week high of $10.38 was reached on 03/03/23 after having rallying from a 52-week low of $5.62. Since the beginning of this year, AMPY’s stock price has dropped by -24.57% or -$2.16, and marked a new high 8 times. However, the stock has declined by -36.13% since its 52-week high.
AMPY stock investors should be aware that Amplify Energy Corp. (AMPY) stock had its last reported insider trading activity 57 days ago on Jun 23. Dulany Eric Edward, the VICE PRESIDENT & CAO of the company, disposed of 3,000 shares for $6.45 on Jun 23. It resulted in a $19,350 divestment by the insider. Willsher Martyn sold 26,599 shares at an average price of $6.85 on Jun 12. The insider now owns 120,438 shares following the transaction. On Mar 15, Director Hamm Christopher W. bought 20,000 shares at $6.65 apiece. The transaction was valued at $133,000.
Valuation Metrics
Right now, Amplify Energy Corp. (AMPY) has a P/E ratio of about 0.58. The stock’s beta is 2.42. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 0.72, and the price-to-cash flow ratio of 2.85 may also be considered.
The latest dividend of $0.10 per share was paid out, which is -50.0% less than last year’s $0.20.
Financial Health
In the three months ended June 29, Amplify Energy Corp.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.34, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 69.10% percent. In the year ended June 29, operating margins totaled 47.80%. Based on annual data, AMPY earned $71.99 million in gross profit and brought in $458.46 million in revenue.
In Amplify Energy Corp.’s quarter-end financial report for June 29, it reported total debt of $120.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMPY’s revenue fell -69.21% to $79.87 million during the quarter, while net income inched up to $71.97 million. While analysts expected Amplify Energy Corp. to report $0.07 quarterly earnings, the actual figure was $0.24 per share, beating the consensus estimate by 242.90%. During the quarter, the company generated $13.97 million in EBITDA. The liabilities of Amplify Energy Corp. were 357.34 million at the end of its most recent quarter ended June 29, and its total debt was $127.28 million. The value of shareholders’ equity is $39.06 million.
Technical Picture
This quick technical analysis looks at Amplify Energy Corp.’s (AMPY) price momentum. With a historical volatility rate of 46.26%, the RSI 9-day stood at 38.49% on 18 August.
With respect to its five-day moving average, the current Amplify Energy Corp. price is down by -7.79% percent or -$0.56. At present, AMPY shares trade -1.49% below its 20-day simple moving average and +5.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.77% below its SMA50 and -32.96% below its SMA200.
Stochastic coefficient K was 6.44% and Stochastic coefficient D was 10.77%, while ATR was 0.32. Given the Stochastic reading of 15.96% for the 14-day period, the RSI (14) reading has been calculated as 41.75%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.66.
