As of Friday close, Amplitude Inc.’s (NASDAQ:AMPL) stock was up $0.22, moving up 1.96 percent to $11.44. The average number of shares traded per day over the past five days has been 467,100 shares. 2 times new highs have been achieved over the past 5 days, with a $0.09 gain in that time frame. In the last twenty days, the average volume was 454,145, while in the previous 50 days, it was 523,562.
Since last month, AMPL stock rose 0.70%. Shares of the company fell to $10.35 on 08/08/23, the lowest level in the past month. A 52-week high of $18.07 was reached on 02/15/23 after having rallying from a 52-week low of $8.50. Since the beginning of this year, AMPL’s stock price has dropped by -5.30% or -$0.64, and marked a new high 11 times. However, the stock has declined by -36.67% since its 52-week high.
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AMPL stock investors should be aware that Amplitude Inc. (AMPL) stock had its last reported insider trading activity 45 days ago on Jul 05. Thakker Dharmesh, the 10% Owner of the company, disposed of 63,515 shares for $10.84 on Jul 05. It resulted in a $688,503 divestment by the insider. SC US (TTGP), LTD. sold 8,408 shares at an average price of $10.06 on Jun 08. The insider now owns 0 shares following the transaction. On Jun 08, Director Grady Patrick W sold 8,408 shares at $10.06 apiece. The transaction was valued at $84,584.
Valuation Metrics
The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 4.95, the price-to-book (PB) ratio of 4.59, and the price-to-cash flow ratio of 235.00 may also be considered.
Financial Health
In the three months ended June 29, Amplitude Inc.’s quick ratio stood at 2.60, while its current ratio was 2.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.80% percent. In the year ended June 29, EBITDA margin amounted to -37.04%, whereas operating margins totaled -42.10%. Based on annual data, AMPL earned $167.62 million in gross profit and brought in $238.07 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -33.00%. Return on equity (ROE) for the past 12 months was -34.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMPL’s revenue rose 14.0% to $66.48 million during the quarter, while net income inched up to $67.59 million. While analysts expected Amplitude Inc. to report $0.02 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated -$29.48 million in EBITDA. The liabilities of Amplitude Inc. were 145.77 million at the end of its most recent quarter ended June 29, and its total debt was $9.01 million. The value of shareholders’ equity is $117.97 million.
Technical Picture
This quick technical analysis looks at Amplitude Inc.’s (AMPL) price momentum. With a historical volatility rate of 41.69%, the RSI 9-day stood at 54.75% on 18 August.
With respect to its five-day moving average, the current Amplitude Inc. price is up by +0.79% percent or $0.09. At present, AMPL shares trade +1.60% above its 20-day simple moving average and -1.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately +13.04% above its SMA50 and -31.90% below its SMA200.
Stochastic coefficient K was 75.40% and Stochastic coefficient D was 76.59%, while ATR was 0.45. Given the Stochastic reading of 86.51% for the 14-day period, the RSI (14) reading has been calculated as 53.45%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.04.
Analyst Ratings
Amplitude Inc. downgraded its rating on Amplitude Inc. (NASDAQ: AMPL) to a Mkt perform in a note to investors on May 10, 2023. The analysts firm previously had an Outperform rating on the stock.Amplitude Inc. (AMPL) has been rated Hold by analysts. According to 0 brokerage firms, AMPL is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Amplitude Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $10.00 – $15.00. Based on these forecasts, analysts predict Amplitude Inc. (AMPL) will achieve an average price target of $13.00.
