In yesterday’s Wall Street session, Amplitech Group Inc (NASDAQ:AMPG) shares traded at $2.07, down -24.18% from the previous session.
AMPG stock price is now 97.34% away from the 50-day moving average and 57.85% away from the 200-day moving average. The market capitalization of the company currently stands at $29.09M.
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In other news, Maqbool Fawad, Chairman, CEO bought 8,000 shares of the company’s stock on Aug 30 ’24. The stock was bought for $5,841 at an average price of $0.73. Upon completion of the transaction, the Chairman, CEO now directly owns 2,663,364 shares in the company, valued at $5.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Chief Operating Officer Flores Jorge Luis bought 500 shares of the business’s stock. A total of $469 was incurred on buying the stock at an average price of $0.94. This leaves the insider owning 14,500 shares of the company worth $30015.0. A total of 23.80% of the company’s stock is owned by insiders.
During the past 12 months, Amplitech Group Inc has had a low of $0.64 and a high of $3.20. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 4.91, and a quick ratio of 1.98. The fifty day moving average price for AMPG is $1.02236 and a two-hundred day moving average price translates $1.310545 for the stock.
The latest earnings results from Amplitech Group Inc (NASDAQ: AMPG) was released for 2024-06-30. The net profit margin was -68.09% and return on equity was -33.47% for AMPG. The company reported revenue of $2.83 million for the quarter, compared to $3.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.3 percent. For the current quarter, analysts expect AMPG to generate $3M in revenue.
