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 generates revenue primarily through selling subscriptions to the platform. 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 April 22, 2024, AMPL stock price climbed to $9.84 with 310,086 million shares trading.

AMPL has a beta of 0.99, meaning it tends to be less sensitive to market movements. AMPL has a correlation of 0.08 to the broad based SPY ETF.

AMPL has a market cap of $1.18 billion. This is considered a Small Cap stock.

Last quarter Amplitude - Class A reported $71 million in Revenue and $.04 earnings per share. This fell short of revenue expectation by $-47,000 and exceeded earnings estimates by $.01.

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

AMPL has underperformed the market in the last year with a price return of -18.4% while the SPY ETF gained +22.3%. AMPL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.4% and -5.3%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

AMPL support price is $9.25 and resistance is $9.67 (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.