Akso Health Group (NASDAQ:AHG) finished Friday with an addition of $0.12 to close at $0.47, an upside of 33.62 percent. An average of 303,060 shares of common stock have been traded in the last five days. There was a gain of $0.1790 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 137,070 shares traded, while the 50-day average volume stands at 71,476.
AHG stock has increased by 87.23% in the last month. The company shares reached their 1-month lowest point of $0.2505 on 07/27/23. With the stock rallying to its 52-week high on 08/25/23, shares of the company touched a low of $0.20 and a high of $1.30 in 52 weeks. It has reached a new high 14 times so far this year and achieved 24.87% or $0.0934 in price. In spite of this, the price is down -63.92% from the 52-week high.
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Valuation Metrics
Akso Health Group (AHG) stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.92, the price-to-book (PB) ratio at 1.23.
Financial Health
The quick ratio of Akso Health Group for the three months ended June 29 was 1.60, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 1.11 for the quarter ending June 29. Its gross profit as reported stood at $1.27 million compared to revenue of $13.18 million.
Earnings Surprise
The company posted a net income of -$1.36 million in the quarter, while revenues were shrunk -1138.97%. The analyst consensus anticipated Akso Health Group’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.45.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Akso Health Group (AHG) price momentum. RSI 9-day as of the close on 25 August was 80.37%, suggesting the stock is Overbought, with historical volatility in this time frame at 164.80%.
As of today, AHG’s price is $0.3448 +61.72% or $0.1790 from its 5-day moving average. AHG is currently trading +73.70% higher than its 20-day SMA and +31.34% higher than its 100-day SMA. However, the stock’s current price level is +46.29% above the SMA50 and +17.22% above the SMA200.
The stochastic %K and %D were 37.59% and 27.18%, respectively, and the average true range (ATR) was 0.0685. With the 14-day stochastic at 52.73% and the average true range at 0.0570, the RSI (14) stands at 73.37%. The stock has reached 0.0459 on the 9-day MACD Oscillator while the 14-day reading was at 0.0454.
What is AHG’s price target for the next 12 months?
Analysts predict a range of price targets between $9.00 and $9.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Akso Health Group (AHG) stock is $9.00.
