The stock of Amplify Energy Corp. (AMPY) has seen a 7.63% increase in the past week, with a 27.42% gain in the past month, and a 5.33% flourish in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 3.34% for AMPY. The simple moving average for the last 20 days is 13.19% for AMPY stock, with a simple moving average of 22.98% for the last 200 days.
Is It Worth Investing in Amplify Energy Corp. (NYSE: AMPY) Right Now?
Amplify Energy Corp. (NYSE: AMPY) has a price-to-earnings ratio of 10.89x that is above its average ratio. Additionally, the 36-month beta value for AMPY is 1.93. 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.”
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The public float for AMPY is 35.96M and currently, short sellers hold a 4.02% ratio of that float. The average trading volume of AMPY on July 23, 2024 was 440.79K shares.
AMPY) stock’s latest price update
The stock price of Amplify Energy Corp. (NYSE: AMPY) has surged by 3.81 when compared to previous closing price of 7.61, but the company has seen a 7.63% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-22 that Losing trades spring back to life in July, which calls for investing in small-cap growth stocks such as Amplify Energy (AMPY), Great Lakes Dredge & Dock (GLDD) and LendingTree (TREE).
Analysts’ Opinion of AMPY
Many brokerage firms have already submitted their reports for AMPY stocks, with The Benchmark Company repeating the rating for AMPY by listing it as a “Buy.” The predicted price for AMPY in the upcoming period, according to The Benchmark Company is $11 based on the research report published on May 02, 2024 of the current year 2024.
Alliance Global Partners, on the other hand, stated in their research note that they expect to see AMPY reach a price target of $9. The rating they have provided for AMPY stocks is “Buy” according to the report published on January 22nd, 2024.
ROTH Capital gave a rating of “Buy” to AMPY, setting the target price at $12 in the report published on October 28th of the previous year.
AMPY Trading at 22.38% from the 50-Day Moving Average
After a stumble in the market that brought AMPY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.78% of loss for the given period.
Volatility was left at 3.34%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +21.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.13% upper at present.
During the last 5 trading sessions, AMPY rose by +6.54%, which changed the moving average for the period of 200-days by +19.75% in comparison to the 20-day moving average, which settled at $7.05. In addition, Amplify Energy Corp. saw 33.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMPY starting from Dulany Eric Edward, who sale 2,000 shares at the price of $5.93 back on Dec 21 ’23. After this action, Dulany Eric Edward now owns 11,723 shares of Amplify Energy Corp., valued at $11,861 using the latest closing price.
FREW JAMES, the SVP, CHIEF FINANCIAL OFFICER of Amplify Energy Corp., purchase 10,000 shares at $6.05 during a trade that took place back on Nov 08 ’23, which means that FREW JAMES is holding 10,000 shares at $60,499 based on the most recent closing price.
Stock Fundamentals for AMPY
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.34 for the gross margin
The net margin for Amplify Energy Corp. stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 7.78, with 3.96 for asset returns.
Based on Amplify Energy Corp. (AMPY), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 92.03 million with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 8.32for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Amplify Energy Corp. (AMPY) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
