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Amplitude Inc. (AMPL) – Don’t Be So Quick to Call it Dead

Amplitude Inc. (NASDAQ: AMPL) is 2.40% higher on its value in year-to-date trading and has touched a low of $10.51 and a high of $21.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMPL stock was last observed hovering at around $12.28 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $17.00 for the next 12 months. It is also 38.15% off the consensus price target high of $20.00 offered by 10 analysts, but current levels are 4.85% higher than the price target low of $13.00 for the same period.

Currently trading at $12.37, the stock is -9.05% and -9.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing 0.73% at the moment leaves the stock -17.22% off its SMA200. AMPL registered -19.88% loss for a year compared to 6-month loss of -25.39%.

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The stock witnessed a -18.51% gain in the last 1 month and extending the period to 3 months gives it a -5.93%, and is -6.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.47% over the week and 5.34% over the month.

Amplitude Inc. (AMPL) has around 737 employees, a market worth around $1.52B and $238.10M in sales. Profit margin for the company is -39.20%. Distance from 52-week low is 17.70% and -42.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.00%).

Amplitude Inc. (AMPL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Amplitude Inc. (AMPL) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.20, where 5 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Amplitude Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to shrink by -22.80% this year

Amplitude Inc. (AMPL) Top Institutional Holders

The shares outstanding are 113.12M, and float is at 64.75M with Short Float at 3.81%.

Amplitude Inc. (AMPL) Insider Activity

A total of 47 insider transactions have happened at Amplitude Inc. (AMPL) in the last six months, with sales accounting for 11 and purchases happening 36 times. The most recent transaction is an insider sale by Wong Catherine, the company’s Director. SEC filings show that Wong Catherine sold 3,515 shares of the company’s common stock on Feb 17 at a price of $14.34 per share for a total of $50398.0. Following the sale, the insider now owns 0.1 million shares.

Amplitude Inc. disclosed in a document filed with the SEC on Feb 16 that Sarkis Ninos (Chief Accounting Officer) sold a total of 2,523 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $14.61 per share for $36867.0. Following the transaction, the insider now directly holds 83891.0 shares of the AMPL stock.

Still, SEC filings show that on Jan 09, HANSEN THOMAS NEERGAARD (President) disposed off 19,638 shares at an average price of $12.17 for $0.24 million. The insider now directly holds 967,394 shares of Amplitude Inc. (AMPL).

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