Amplitude Inc [AMPL] stock is trading at $8.33, up 5.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMPL shares have gain 2.46% over the last week, with a monthly amount drifted -0.12%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Scotiabank downgraded its rating to Sector Perform on February 21, 2024, and kept the price target unchanged to $12. On February 01, 2024, downgrade downgraded it’s rating to Underweight but maintained its price target of $12 on the stock. William Blair downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $9 on May 10, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on May 10, 2023. In a note dated March 15, 2023, DA Davidson initiated an Neutral rating and provided a target price of $13 on this stock.
Amplitude Inc [AMPL] stock has fluctuated between $7.89 and $14.42 over the past year. Currently, Wall Street analysts expect the stock to reach $17.25 within the next 12 months. Amplitude Inc [NASDAQ: AMPL] shares were valued at $8.33 at the most recent close of the market. An investor can expect a potential return of 107.08% based on the average AMPL price forecast.
Analyzing the AMPL fundamentals
Amplitude Inc [NASDAQ:AMPL] reported sales of 282.43M for the trailing twelve months, which represents a growth of 9.25%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.29 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.03 points at the first support level, and at 7.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.48, and for the 2nd resistance point, it is at 8.63.
Ratios To Look Out For
For context, Amplitude Inc’s Current Ratio is 2.58. As well, the Quick Ratio is 2.58, while the Cash Ratio is 1.85. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 3.50.
Transactions by insiders
Recent insider trading involved Wong Catherine, Director, that happened on May 17 ’24 when 3515.0 shares were sold. Director, Wong Catherine completed a deal on Feb 23 ’24 to sell 3515.0 shares. Meanwhile, 10% Owner Battery Ventures Select Fund I sold 33333.0 shares on Jan 02 ’24.
