Amplitech Group Inc. (OTCMKTS:AMPG)
Our primary order of business today is to take a deeper look at a stock that has really piqued our interest recently. We’ll unpack the company’s recent FY2018 report, detail the technical reasons behind our attraction to the chart, and highlight the sort of products that AmpliTech actually provides.
AmpliTech designs and manufactures custom and standard state-of-the-art RF (radio frequency) components for Commercial, Telecom/Satcom, Space, and Military markets worldwide. Its signal-amplifying technologies are beneficial over a wide range of applications, and sets up the company to play a role in the coming 5G revolution- the next wave in ultra-modern wireless communication.
Some of the entities for which AMPG has already designed custom solutions include Lockheed Martin, Northrop Grumman, Raytheon, NASA, and more. Amplitech is able to set itself apart with its extreme high standards of producing extraterrestrial and military-grade equipment. The company has worked with hundreds of clients that were unable to find AMPG’s level of customization and quality elsewhere.
Shares of AMPG have been on their way up since the company released the figures on its Full Year 2018 Report in a recent 10-K, which included record sales and revenue. Some of the other highlights include:
- Revenue increased by $1,016,675 over FY2017; an increase of 73%
- Income from Operations increased by $431,520 compared to 2017
- Gross Profit Margin was 58% in 2018, up from 53% in 2017
(>>View Full Report)
We weren’t the only ones to raise a brow at the company’s progress in 2018. As we said, AMPG has seen an increase in price action and volatility in recent sessions, and the chart appears set to add more gains. 2019 could shape up to be yet another ‘best year yet’ on multiple fronts for AMPG.
With just 48M shares outstanding and roughly 22M in the float, this stock has the potential for rapid gains on relatively little buying pressure. We urge you to take a look at our brief video presentation of the finer points of the current setup on AMPG.
We currently have a Golden Cross setting up on the AMPG chart, with our favorite indicators, the RSI and the MACD, appearing bullish at present. Click to view the Video Chart for the full rundown:
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OR CONTACT: Fawad Maqbool, CEO at (631) 521-7831