An Analysis Of Amplitech Group Inc (NASDAQ: AMPG), And Its Business Forecast

In the last trading session, 1.22 million shares of the Amplitech Group Inc (NASDAQ:AMPG) were traded, and its beta was 0.68. Most recently the company’s share price was $0.99, and it changed around $0.11 or 12.74% from the last close, which brings the market valuation of the company to $12.42M. AMPG currently trades at a discount to its 52-week high of $2.55, offering almost -157.58% off that amount. The share price’s 52-week low was $0.64, which indicates that the current value has risen by an impressive 35.35% since then. We note from Amplitech Group Inc’s average daily trading volume that its 10-day average is 0.28 million shares, with the 3-month average coming to 109.19K.

Amplitech Group Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended AMPG as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Amplitech Group Inc is expected to report earnings per share of -0.12 for the current quarter.

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Amplitech Group Inc (NASDAQ:AMPG) trade information

Instantly AMPG has showed a green trend with a performance of 12.74% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.1100 on recent trading dayincreased the stock’s daily price by 10.81%. The company’s shares are currently down -47.23% year-to-date, but still up 11.79% over the last five days. On the other hand, Amplitech Group Inc (NASDAQ:AMPG) is 4.43% up in the 30-day period. We can see from the shorts that 53270.0 shares have been sold at a short interest cover period of 1.26 day(s).

Amplitech Group Inc (AMPG) estimates and forecasts

The year-over-year growth rate is expected to be -31.34%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3M in revenue for the current quarter. 1 analysts expect Amplitech Group Inc to make 3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.01M and 2.29M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -25.22%. Forecasts for the next quarter put sales growth at 30.81%.

AMPG Dividends

Amplitech Group Inc’s next quarterly earnings report is expected to be released in January.

Amplitech Group Inc (NASDAQ:AMPG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 26.86% of Amplitech Group Inc shares, and 22.13% of them are in the hands of institutional investors. The stock currently has a share float of 30.26%. Amplitech Group Inc stock is held by 15.0 institutions, with BARD ASSOCIATES INC being the largest institutional investor. By 2024-06-30, it held 4.319% of the shares, which is about 0.42 million shares worth $0.44 million.

VANGUARD GROUP INC, with 2.8129% or 0.27 million shares worth $0.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.