AMPG Stock Summary and Trading Ideas (Amplitech Group | NASDAQ:AMPG)

AmpliTech Group Inc designs, develops, engineers, and assembles micro-wave component-based amplifiers that meet individual customer specifications. The products of the company consist of RF amplifiers & related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, cryogenic amplifiers, and custom assemblies. The company also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time-plus-material basis. It also operates as a manufacturer, & distributor of cryogenic microwave amplifiers, RF designs, & applications for Wireless Networks & the future of Wireless Communication.

Amplitech Group trades on the NASDAQ stock market under the symbol AMPG.

As of May 10, 2024, AMPG stock price climbed to $2.31 with 25,218 million shares trading.

AMPG has a beta of 0.35, meaning it tends to be less sensitive to market movements. AMPG has a correlation of 0.01 to the broad based SPY ETF.

AMPG has a market cap of $22.45 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AMPG stock traded as high as $6.39 and as low as $1.50.

The top ETF exchange traded funds that AMPG belongs to (by Net Assets): VTI, VXF, IWC, DFAC.

AMPG has underperformed the market in the last year with a price return of -24.3% while the SPY ETF gained +27.8%. However, in the short term, AMPG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.6% vs +4.2% return in SPY. But in the last 2 weeks, AMPG shares have been beat by the market, returning +0.9% compared to an SPY return of +2.5%.

AMPG support price is $2.15 and resistance is $2.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMPG stock will trade within this expected range on the day.