Amplify Energy Corp. [NYSE:AMPY] shares were trading 2.76% to $0.89 on Thursday. Comparativley, The S&P 500 is trading at 0.5%. For the year, the stock is trading -86.84% and the five-day change stands at 11.17%.
AMPY’s next earning date is 11/04/2020. Currently, the company is booking earnings per share of -11.43.
The company is also reporting -11.43 earnings per share.
Wait and see
Holding a Market Cap of $33.65 million, Amplify Energy Corp. has seen a trading range over the last year of $0.49-$7.91.
For the last five days, AMPY is up from its last closing price. The average shares trading hands each day is 978.00K, with average 10-day volume coming in at 1.54 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for AMPY. When we apply the Elder Force Index to Amplify Energy Corp., we are seeing an Elder Force Indicator number of 11901.2.
The company’s enterprise value has gone from $338.47M to $310.69M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, AMPY made a profit of -34.63 million. Amplify Energy Corp. also saw quarter revenue growth year over year of 34.37%. In addition, the company has operating cash flow of $56.97 million.
Looking at popular technical indicators, the company’s 5-day moving average is 0.8273 compared to the 50-day moving average of 0.9546. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. AMPY currently holds a 9-day RSI of 57.43%, while 100-day RSI stands at 42.92%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. AMPY’s 9-day MACD is 0.0368 and the company’s 100-day MACD stands at -0.3593.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 19.33% by insiders and 84.70% by institutions. Regarding institutional holdings, Fir Tree Capital Management LLP owns 27.68%, while the second top holder, Brigade Capital Management, LLC, currently owns 8.81%.
Over the last six months, insiders have sold 19,389 with the most recent transaction from FIR TREE CAPITAL MANAGEMENT LP, Director, with a sell at price 0.90 per share.
Overall, the recommended rating for AMPY is Hold. Currently, the company has 2 analysts watching the stock, and the average quarterly earnings estimate is 0.07. Quarterly revenue estimates are averaging 56.4M with the high estimate reaching 65.3M and the low at 47.5M.