Amplify Energy Corp (NYSE:AMPY) price on Friday, March 21, fall -4.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.75.
A look at the stock’s price movement, the close in the last trading session was $3.92, moving within a range at $3.73 and $3.9398. The beta value (5-Year monthly) was 1.907 while the PE ratio in trailing twelve months stood at 12.62. Turning to its 52-week performance, $8.15 and $3.54 were the 52-week high and 52-week low respectively. Overall, AMPY moved -28.44% over the past month.
Amplify Energy Corp’s market cap currently stands at around $151.25 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-04.
Analysts have a consensus estimate of 75.25M for the company’s revenue for the quarter, with a low and high estimate of 69.89M and 85.4M respectively. The average forecast suggests down to a -1.38% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 373.34M, representing a 26.69% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AMPY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 8 recommend AMPY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AMPY’s current price about -11.36% and -25.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.10, while 7-day volatility ratio is 3.88% and 5.56% in the 30-day chart. Further, Amplify Energy Corp (AMPY) has a beta value of 1.31, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $8.5, forecast between a low of $8.5 and high of $8.5. Looking at the price targets, the low is -126.67% off current price level while to achieve the yearly target high, price needs to move -126.67%. Nonetheless, investors will most likely welcome a -126.67% jump to $8.5 which is the analysts’ median price.
If we refocus on Amplify Energy Corp (NYSE:AMPY), historical trading data shows that trading volumes averaged 0.62 over the past 10 days and 410.17K over the past 3 months. The company’s latest data on shares outstanding shows there are 39.80 million shares.
The 9.78% of Amplify Energy Corp’s shares are in the hands of company insiders while institutional holders own 52.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.32 million on 2025-02-28, giving us a short ratio of 3.95. The data shows that as of 2025-02-28 short interest in Amplify Energy Corp (AMPY) stood at 334.0 of shares outstanding, with shares short rising to 1.27 million registered in 2025-01-31. Current price change has pushed the stock -37.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AMPY stock continues to rise going into the next quarter.
