At the time of writing, Amplitude Inc [AMPL] stock is trading at $10.49, up 5.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMPL shares have gain 16.69% over the last week, with a monthly amount glided 20.71%, and 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.
For the past year, the stock price of Amplitude Inc fluctuated between $7.37 and $14.42. Currently, Wall Street analysts expect the stock to reach $15.8 within the next 12 months. Amplitude Inc [NASDAQ: AMPL] shares were valued at $10.49 at the most recent close of the market. An investor can expect a potential return of 50.62% based on the average AMPL price forecast.
Analyzing the AMPL fundamentals
According to Amplitude Inc [NASDAQ:AMPL], the company’s sales were 287.96M for trailing twelve months, which represents an 8.16% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.28 and Total Capital is -0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 10.10 points at the first support level, and at 9.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.70, and for the 2nd resistance point, it is at 10.91.
Ratios To Look Out For
It is important to note that Amplitude Inc [NASDAQ:AMPL] has a current ratio of 2.44. Further, the Quick Ratio stands at 2.44, while the Cash Ratio is 2.08. Considering the valuation of this stock, the price to sales ratio is 4.50, the price to book ratio is 4.51.
Transactions by insiders
Recent insider trading involved Wong Catherine, Director, that happened on Aug 19 ’24 when 3515.0 shares were sold. Officer, CATHERINE JEN WONG completed a deal on Aug 19 ’24 to buy 3515.0 shares. Meanwhile, Director Wong Catherine sold 3515.0 shares on May 17 ’24.
