Akso Health Group (NASDAQ:AHG) Shares Gap Up – Still a Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) gapped up before the market opened on Monday . The stock had previously closed at $1.32, but opened at $1.40. Akso Health Group shares last traded at $1.4310, with a volume of 3,021 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AHG shares. Weiss Ratings restated a “sell (d-)” rating on shares of Akso Health Group in a report on Friday, July 17th. Wall Street Zen upgraded shares of Akso Health Group to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Akso Health Group presently has a consensus rating of “Sell”.

Akso Health Group Stock Performance

The firm has a 50-day moving average price of $1.44 and a two-hundred day moving average price of $1.70.

Akso Health Group (NASDAQ:AHG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $3.42 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC purchased a new stake in Akso Health Group Sponsored ADR (NASDAQ:AHG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Akso Health Group Company Profile

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.