Should Amplitech Group Inc (NASDAQ: AMPG) Rally After 20.79% Gain From High?

EVTL

Amplitech Group Inc (NASDAQ:AMPG)’s traded shares stood at 25.0 million during the last session, with the company’s beta value hitting 0.47. At the close of trading, the stock’s price was $4.04, to imply an increase of 63.56% or $1.57 in intraday trading. The AMPG share’s 52-week high remains $3.20, putting it 20.79% up since that peak but still an impressive 84.16% since price per share fell to its 52-week low of $0.64. The company has a valuation of $102.86M, with an average of 38.64 million shares in intraday trading volume over the past 10 days and average of 5.77 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Amplitech Group Inc (AMPG), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give AMPG a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.12.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Amplitech Group Inc (NASDAQ:AMPG) trade information

After registering a 63.56% upside in the last session, Amplitech Group Inc (AMPG) has traded red over the past five days. The 5-day price performance for the stock is 98.07%, and 230.65% over 30 days. With these gigs, the year-to-date price performance is 118.09%. Short interest in Amplitech Group Inc (NASDAQ:AMPG) saw shorts transact 53270.0 shares and set a 1.26 days time to cover.

Amplitech Group Inc (AMPG) estimates and forecasts

The rating firms project that company’s revenue will shrink -31.34% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 3M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 3M.Earnings reports from the last fiscal year show that sales brought in 4.01M and 2.29M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -25.22% before jumping 30.81% in the following quarter.

AMPG Dividends

Amplitech Group Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Amplitech Group Inc insiders hold 26.86% of total outstanding shares, with institutional holders owning 22.13% of the shares at 30.26% float percentage. In total, 22.13% institutions holds shares in the company, led by BARD ASSOCIATES INC. As of 2024-06-30, the company held over 0.42 million shares (or 4.319% of shares), all amounting to roughly $0.44 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.27 million shares, or about 2.8129% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.29 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Amplitech Group Inc (AMPG) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 153.42 shares. This is just over 1.09% of the total shares, with a market valuation of $0.62 million. Data from the same date shows that the other fund manager holds a little less at 103.83, or 0.74% of the shares, all valued at about 0.42 million.