In yesterday’s Wall Street session, Amplitude Inc (NASDAQ:AMPL) shares traded at $10.90, up 2.44% from the previous session.
AMPL stock price is now 1.71% away from the 50-day moving average and 16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
With the price target enhanced from $10 to $11, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Amplitude Inc (NASDAQ: AMPL). On January 06, 2025, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $11 to quote $15, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Vishria Eric, Director sold 6,437 shares of the company’s stock on Dec 13 ’24. The stock was sold for $77,353 at an average price of $12.02. Upon completion of the transaction, the Director now directly owns 279,771 shares in the company, valued at $3.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Director THE VISHRIA REVOCABLE TRUST bought 10,000 shares of the business’s stock. A total of $113,900 was incurred on buying the stock at an average price of $11.39. A total of 40.86% of the company’s stock is owned by insiders.
During the past 12 months, Amplitude Inc has had a low of $7.37 and a high of $14.42. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 2.45, and a quick ratio of 2.45. The fifty day moving average price for AMPL is $10.7168 and a two-hundred day moving average price translates $9.369125 for the stock.
The latest earnings results from Amplitude Inc (NASDAQ: AMPL) was released for 2024-09-30. The net profit margin was -27.44% and return on equity was -27.60% for AMPL. The company reported revenue of $75.22 million for the quarter, compared to $70.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.48 percent. For the current quarter, analysts expect AMPL to generate $76.68M in revenue.
