Amplitude Inc (NASDAQ:AMPL) saw a downside of -0.08% to close Friday at $11.99 after subtracting -$0.01 on the day. The 5-day average trading volume is 737,240 shares of the company’s common stock. It has gained $12.32 in the past week and touched a new high 4 times within the past 5 days. An average of 636,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 505,916.
AMPL’s 1-month performance is 3.36% or $0.40 on its low of $11.18 reached on 08/24/23. The company’s shares have touched a 52-week low of $8.50 and high of $17.73, with the stock’s rally to the 52-week high happening on 02/15/23. YTD, AMPL has lost -0.75% or -$0.09 and has reached a new high 11 times. However, the current price is down -32.37% from the 52-week high price.
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Insider Transactions
AMPL stock investors last saw insider trading activity on Aug 17.Wong Catherine (Director) most recently sold 3,515 shares at $11.23 per share on Aug 17. This transaction cost the insider $39,470. 10% Owner, Thakker Dharmesh, sold 63,515 shares at a price of $10.84 on Jul 05. Then, on Jun 08, 10% Owner SC US (TTGP), LTD. sold 8,408 shares at a price of $10.06 per share. This transaction amounted to $84,584.
Valuation Metrics
AMPL stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.39 while the price-to-book (PB) in the most recent quarter is 4.88, with the price to cash flow ratio at 255.66.
Amplitude Inc’s quick ratio for the period ended June 29 was 2.47, with the current ratio over the same period at 2.47. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.02, while the total debt to equity was 0.03. In terms of profitability, the gross margin trailing 12 months is 71.78%. The trailing 12-month EBITDA margin is -37.04% while for the period ending June 29, Amplitude Inc’s operating margin was -39.01%. The firm’s gross profit as reported stood at $167.62 million against revenue of $238.07 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 11.49% to -$27.76 million, while revenue of -$26.32 million was 5.19% off the previous quarter. Analysts expected AMPL to announce $0.02 per share in earnings in its latest quarter, but it posted $0.02, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$29.48 million. AMPL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 145.77 million, with total debt at $9.01 million. Shareholders hold equity totaling $117.97 million.
Let’s look briefly at Amplitude Inc (AMPL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 53.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.34%.
The stock’s 5-day moving average is $11.85, reflecting a +4.72% or $0.54 change from its current price. AMPL is currently trading +4.08% above its 20-day SMA, +7.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.07% and SMA200 by-6.25%.
Stochastic %K and %D was 44.27% and 38.19% and the average true range (ATR) pointed at 0.41. The RSI (14) points at 53.86%, while the 14-day stochastic is at 46.62% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at 0.13 and -0.13 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Amplitude Inc (NASDAQ: AMPL), William Blair downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for AMPL stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate AMPL as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AMPL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $15.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Amplitude Inc (AMPL) stock is $13.00.
