An analyst sees good growth prospects for Amplitech Group Inc (AMPG)

With 0.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.39 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $2.04 whereas the lowest price it dropped to was $1.8607. The 52-week range on AMPG shows that it touched its highest point at $6.43 and its lowest point at $0.64 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at -0.39.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMPG was up-trending over the past week, with a rise of 0.51%, but this was down by -65.67% over a month. Three-month performance surged to 92.14% while six-month performance rose 70.43%. The stock lost -12.89% in the past year, while it has lost -61.87% so far this year. A look at the trailing 12-month EPS for AMPG yields -0.81 with Next year EPS estimates of -0.15. For the next quarter, that number is -0.12. This implies an EPS growth rate of -230.77% for this year and 82.56% for next year.

Float and Shares Shorts:

At present, 19.66 million AMPG shares are outstanding with a float of 16.63 million shares on hand for trading. On 2024-10-31, short shares totaled 53270.0, which was 47.999998000000005 higher than short shares on 1727654400. In addition to Mr. Fawad A. Maqbool as the firm’s Founder, Chairman, President, CEO, CTO & Treasurer, Ms. Louisa Sanfratello CPA, CPA serves as its CFO, Secretary & Director.

Institutional Ownership:

Through their ownership of 0.22131 of AMPG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, AMPG reported revenue of $2834512.0 and operating income of -$1088738.0. The EBITDA in the recently reported quarter was -$958593.0 and diluted EPS was -$0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMPG since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMPG analysts setting a high price target of 4.0 and a low target of 4.0, the average target price over the next 12 months is 4.0. Based on these targets, AMPG could surge 104.08% to reach the target high and rise by 104.08% to reach the target low. Reaching the average price target will result in a growth of 104.08% from current levels.

Analysts have provided yearly estimates in a range of -$0.86 being high and -$0.86 being low. For AMPG, this leads to a yearly average estimate of -$0.86. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.09.