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 September 6, 2024, AMPG stock price declined to $0.75 with 7,742 million shares trading.

AMPG has a beta of -0.02, meaning it tends to be less sensitive to market movements. AMPG has a correlation of 0.00 to the broad based SPY ETF.

AMPG has a market cap of $7.29 million. This is considered a Sub-Micro Cap stock.

Last quarter Amplitech Group reported $3 million in Revenue and -$.16 earnings per share. This fell short of revenue expectation by $-472,558 and met earnings estimates .

In the last 3 years, AMPG stock traded as high as $5.61 and as low as $.64.

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

AMPG has underperformed the market in the last year with a price return of -60.5% while the SPY ETF gained +22.6%. AMPG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -37.5% and -10.3%, respectively, while the SPY returned +1.4% and -3.9%, respectively.

AMPG support price is $.72 and resistance is $.84 (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.