AMPL Stock Summary and Trading Ideas (Amplitude - Class A | NASDAQ:AMPL)

Amplitude Inc is a Software company that provides a Digital Analytics Platform that helps companies analyze their customer behavior within digital products. The Company delivers its application over the Internet as a subscription service using a software-as-a-service (SaaS) model and also it offers customer support related to initial implementation setup, ongoing support services, and application training. The company derives a majority of its revenue from the United States.

Amplitude - Class A trades on the NASDAQ stock market under the symbol AMPL.

As of March 23, 2023, AMPL stock price climbed to $11.64 with 529,094 million shares trading.

AMPL has a beta of 1.53, meaning it tends to be more sensitive to market movements. AMPL has a correlation of 0.28 to the broad based SPY ETF.

AMPL has a market cap of $1.33 billion. This is considered a Small Cap stock.

Last quarter Amplitude - Class A reported $65 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

The top ETF exchange traded funds that AMPL belongs to (by Net Assets): VTI, IWM, VB, VXF, VBK.

AMPL has underperformed the market in the last year with a price return of -35.4% while the SPY ETF lost -11.1%. AMPL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -12.1%, respectively, while the SPY returned +3.7% and -1.1%, respectively.

AMPL support price is $11.07 and resistance is $11.89 (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 AMPL stock will trade within this expected range on the day.