Amplitude Inc (NASDAQ: AMPL) has seen a decline in its stock price by -3.02 in relation to its previous close of 9.26. However, the company has experienced a -10.65% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-09 that Amplitude, Inc. (NASDAQ:AMPL ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Yaoxian Chew – Vice President, Investor Relations Spenser Skates – Chief Executive Officer and Founder Criss Harms – Chief Financial Officer Conference Call Participants Koji Ikeda – Bank of America Brent Bracelin – Piper Michael Vidovic – KeyBanc John Gomez – Scotia Bank Taylor McGinnis – UBS Rob Oliver – Baird Arjun Bhatia – Blair Tyler Radke – Citi Elizabeth Porter – Morgan Stanley Operator Yaoxian Chew Hello everyone. Welcome to Amplitude’s First Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Amplitude Inc (NASDAQ: AMPL) Right Now?
Additionally, the 36-month beta value for AMPL is 1.35. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMPL is 66.92M and currently, short sellers hold a 2.45% ratio of that float. The average trading volume of AMPL on May 10, 2024 was 458.73K shares.
AMPL’s Market Performance
The stock of Amplitude Inc (AMPL) has seen a -10.65% decrease in the past week, with a -13.24% drop in the past month, and a -36.49% fall in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 2.90% for AMPL. The simple moving average for the last 20 days is -8.10% for AMPL stock, with a simple moving average of -21.37% for the last 200 days.
Analysts’ Opinion of AMPL
Scotiabank, on the other hand, stated in their research note that they expect to see AMPL reach a price target of $12. The rating they have provided for AMPL stocks is “Sector Perform” according to the report published on February 21st, 2024.
Morgan Stanley gave a rating of “Underweight” to AMPL, setting the target price at $12 in the report published on February 01st of the current year.
AMPL Trading at -14.33% from the 50-Day Moving Average
After a stumble in the market that brought AMPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.73% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares sank -11.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.11% lower at present.
During the last 5 trading sessions, AMPL fell by -10.45%, which changed the moving average for the period of 200-days by -20.42% in comparison to the 20-day moving average, which settled at $9.71. In addition, Amplitude Inc saw -29.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMPL starting from Wong Catherine, who sale 3,515 shares at the price of $11.97 back on Feb 23 ’24. After this action, Wong Catherine now owns 86,335 shares of Amplitude Inc, valued at $42,062 using the latest closing price.
Battery Ventures Select Fund I, the 10% Owner of Amplitude Inc, sale 33,333 shares at $12.56 during a trade that took place back on Jan 02 ’24, which means that Battery Ventures Select Fund I is holding 327,766 shares at $418,662 based on the most recent closing price.
Stock Fundamentals for AMPL
Current profitability levels for the company are sitting at:
- -0.34 for the present operating margin
- 0.74 for the gross margin
The net margin for Amplitude Inc stands at -0.33. The total capital return value is set at -0.31. Equity return is now at value -30.65, with -21.33 for asset returns.
Based on Amplitude Inc (AMPL), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 3.14. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 30.08.
Currently, EBITDA for the company is -88.76 million with net debt to EBITDA at 2.98. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 9.37for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In conclusion, Amplitude Inc (AMPL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
