Amplitech Group Inc (AMPG)

[Eurotradr]

Maxim Group Reiterates a Buy Rating on AmpliTech Group (AMPG)
Brian AndersonBrian Anderson
Nov 17, 2021, 07:43 AM

Maxim Group analyst Jack Vander Aarde reiterated a Buy rating on AmpliTech Group (AMPG – Research Report) yesterday and set a price target of $10.00. The company’s shares closed last Tuesday at $4.16, close to its 52-week low of $1.78.

According to TipRanks.com, Aarde is a top 100 analyst with an average return of 79.3% and a 58.6% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and Super League Gaming.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AmpliTech Group with a $10.00 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on AmpliTech Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.02 million and GAAP net loss of $472.7K. In comparison, last year the company earned revenue of $660.7K and had a GAAP net loss of $243.3K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AmpliTech Group, Inc. engages in the design, engineering, and assembly of microwave component based amplifiers. Its products include radio frequency amplifiers and related subsystems operating at multiple frequencies including low noise and medium power amplifiers, oscillators, filters, and custom assembly designs. The company was founded by Fawad Maqbool on October 18, 2002 and is headquartered in Bohemia, NY.

https://www.tipranks.com/news/blurbs/maxim-group-reiterates-a-buy-rating-on-amplitech-group-ampg?utm_source=stck.pro&utm_medium=referral