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

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $1.44, but opened at $1.60. Akso Health Group shares last traded at $1.54, with a volume of 1,451 shares trading hands.

Wall Street Analyst Weigh In

AHG has been the topic of a number of research analyst reports. Wall Street Zen upgraded Akso Health Group to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Akso Health Group currently has a consensus rating of “Sell”.

Akso Health Group Stock Up 2.7%

The business has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $1.70.

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

Institutional Trading of Akso Health Group

An institutional investor recently raised its position in Akso Health Group stock. SmartHarvest Portfolios LLC lifted its holdings in Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,429 shares of the company’s stock after acquiring an additional 18,681 shares during the quarter. SmartHarvest Portfolios LLC’s holdings in Akso Health Group were worth $81,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Akso Health Group

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.