Akso Health Group (NASDAQ:AHG) Stock Price Up 6.7% – Still a Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) shares traded up 6.7% on Tuesday . The stock traded as high as $1.43 and last traded at $1.43. 13,928 shares were traded during trading, a decline of 82% from the average daily volume of 78,754 shares. The stock had previously closed at $1.34.

Analysts Set New Price Targets

A number of equities analysts have commented on AHG shares. Wall Street Zen upgraded Akso Health Group to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Akso Health Group in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Akso Health Group Trading Down 0.4%

The firm’s fifty day moving average price is $1.73 and its 200-day moving average price is $1.69.

Institutional Trading of Akso Health Group

An institutional investor recently raised its stake in Akso Health Group stock. SmartHarvest Portfolios LLC raised its position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,429 shares of the company’s stock after purchasing an additional 18,681 shares during the period. SmartHarvest Portfolios LLC’s holdings in Akso Health Group were worth $81,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.