AmpliTech Group Inc. (NASDAQ:AMPG) Stock Gains Momentum: What Next?
AmpliTech Group Inc. (NASDAQ:AMPG) jumped 14% after releasing its Q1 results reflecting record backlog, record bookings, and attainment of design wins showing the durability, heat dissipation, and performance of its low noise amplifier.
A recent article stated that as the LNA products offer a massive return on investment and value for space satellite network applications, the company is witnessing interesting applications. The company recently won a development order for cryogenic-cooled probed cool head vital in facilitating studies on molecules, materials, and drugs for disease treatment.
AmpliTech’s CTO and CEO Fawad Maqbool said they expect to capitalize on the mass reopening of the company’s market segments following a steady COVID-19 decline. He said that to support the massive opportunities identified, they completed the company’s recapitalization in the first four months of the year, providing close to $30 million in funding to facilitate growth and show financial strength to partners and customers. So in the coming weeks, AMPG is a stock to watch.
Market Reaction:
On Wednesday, AMPG stock surged 14% at $4.26 with more than 609K shares, compared to its average volume of 311k shares. The stock has moved within a range of $3.8800 – 4.4000 after opening the trade at $3.99. Over the past 52-week, the stock has been trading within a range of $3.5500 – 19.8000.
