AMPD Ventures’ (AMPD.C) stock price has risen over 180% in the past three months, from $0.09 on December 10, 2020 to $0.26 on March 10, 2021, with over 500,000 shares traded yesterday, March 9, 2021.
AMPD’s strong performance comes after the stock had been in decline from April, when it peaked at $0.32, to September, when it went to $0.075. However, since early December, the stock has had a strong performance, and just before Christmas, from December 22, 2020 to December 24, 2020, the stock rose from $0.135 to $0.22.
AMPD has reported what they consider to be solid financial results in their most recent fiscal quarters.
“Sales cycles seemed to extend during 2020 due to the uncertainty that many businesses were facing that made purchasing decisions difficult, but this seems to have resulted in a build up of demand for the type of platforms we are developing. If January 2021 is any indication, it appears that we are starting to see that pent up demand being converted into a noticeable uptick in sales inquiries and engagements compared with December and significant growth in our sales pipeline,” said AMPD CEO Anthony Brown in statement regarding AMPD’s 2021 Q1 outlook.
The Covid-19 pandemic required many companies to begin operating remotely, with employees working from home. The last year of working from home has likely shown many companies that they could save significant money on office space by allowing distributed work. However, as more companies move towards distributed online work, this creates a greater need for a network and server setup that works for each individual company.
AMPD claims their mission is to ‘reinvent’ the internet, and they aim to provide companies with a ‘collaborative approach’ to meeting their network requirements. Their four main services are AMPD Metal, AMPD Cloud+, AMPD Multi-CDN, and AMPD Storage.
AMPD Metal is a high-performance bare-metal server, which is a server that is not networked. This provides users with higher quality performance and security.
AMPD Cloud+ is a cloud server, which provides its users with a space to collaborate with other employees and store and retrieve company documents.
AMPD Multi-CDN is a content delivery network with multiple points of delivery, which allows for speedier content delivery and protects the network from distributed denial of service (DDOS) attacks, which are often used to take down networks.
AMPD Storage provides a variety of storage plans for companies, allowing them to archive important information.
All of these services are integral parts of creating an easy-to-use, fast, and resilient network to operate a company platform on. A PwC survey found 78% of CEOs say remote collaboration is here to stay, so perhaps the market is reacting to the understanding that as life and business move more and more online, and that these changes are likely to be permanent fixtures going forward. Or maybe it is reacting to AMPD’s encouraging sale numbers. Or maybe both.
Full disclosure: AMPD Ventures is not an Equity.Guru marketing client, but we have bought stock on the open market.