Amplitude Inc (NASDAQ: AMPL) Increases 12.99% Over A Month, But Analysts Still See Upside Potential

Amplitude Inc (NASDAQ:AMPL) currently has a daily average trading volume of 429.23K but it saw 396371 shares traded in last market. With a market cap of 1.33B USD, the company’s current market price of $10.44 came falling about -1.32 while comparing to the previous closing price of $10.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.42 and as low as $7.37. In the recent trading on the day, stock has struck highest price mark of $10.3 while lowest mark touched by it was $10.713.

Taking a look at 20-day trading activity of Amplitude Inc (AMPL) gives us an average price of $10.08, while its current price level is -27.60% below from 52-week high level whereas it is 41.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.34 while that of 200 days or SMA-200 reads an average of $9.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.27% during that period while stretching the period over a month that increases to 4.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.27 which implies that the stock is in neutral territory.

Scotiabank downgraded its recommendation for the stock as a “Sector Perform” from “Sector Outperform” on February 21, 2024 while assigning a price target of $12. Morgan Stanley issued its recommendations for the stock as it downgraded the price target for the stock is $12.

Over the week, AMPL’s stock price is moving 1.02% up while it is 12.99% when we observe its performance for the past one month. Year-to-date it is -17.92% down and over the past year, the stock is showing an upside performance of 0.19%.

Currently, Amplitude Inc’s total number of outstanding shares is 85.63M. Company’s return on investment (ROI) stands at -27.63% and return on equity (ROE) at -27.60%. It has a 104.37 of forward P/E ratio. Stock’s beta reads 1.39. Stock has a price to book (P/B) ratio of 4.52 while price to sale or P/S ratio amounts to 4.56. Its return on asset (ROA) is -18.10% on average.