The stock of Akso Health Group (NASDAQ:AHG) increased by $0.05 on Wednesday to $0.78, up 6.85 percent. The last five days have seen an average of 853,747 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $0.4100. The average number of shares traded over the last 20 days was 274,152, while the average volume over the last 50 days totaled 123,771.
AHG stock appreciated 169.90% since last month. On 08/01/23, the company’s shares reached a one-month low of $0.2558. The stock touched a high of $1.09 on 08/30/23, after rallying from a low of $0.20 in 52 weeks. The price of AHG stock has risen by 107.67% or $0.4100 this year, reaching a new high 16 times. Still, the stock price is down -28.11% from the 52-week high.
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Valuation Metrics
Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 2.05.
Financial Health
For the three months ended June 29, Akso Health Group’s quick ratio was 1.60, while its current ratio was 1.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 9.60% percent. Based on annual data, it had gross profit of $1.27 million and revenue of $13.18 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AHG’s return on assets (ROA) during the last 12 months has been -4.00%. There was a -77.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -10.80%.
Earnings Surprise
According to Akso Health Group’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $13.18 million, while revenues rose by 52.12% to $0.0. It was predicted that Akso Health Group’s quarterly earnings would be -$0.45, but it ended up being $0. At the end of Akso Health Group’s most recent quarter ended June 29, its liabilities totaled 10.98 million, while its total debt was $9.69 million.
Technical Picture
Here’s a quick look at Akso Health Group’s (AHG) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 92.36%, suggesting the stock is Overbought, with a 196.48% historical volatility rate.
The stochastic %K and %D were 81.80% and 68.60% respectively, while the average true range (ATR) was 0.1023. Based on the 14-day stochastic reading of 84.19%, the RSI (14) reading is 87.37%. On the 9-day MACD Oscillator, the stock is at 0.2266, and the 14-day reading is at 0.2764.
