Akso Health Group (NASDAQ:AHG) Shares Gap Up – Time to Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) gapped up prior to trading on Monday . The stock had previously closed at $1.52, but opened at $1.66. Akso Health Group shares last traded at $1.51, with a volume of 5,288 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AHG. Wall Street Zen upgraded Akso Health Group to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Akso Health Group in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Akso Health Group has an average rating of “Sell”.

Akso Health Group Price Performance

The company’s 50-day moving average is $1.67 and its 200 day moving average is $1.69.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Akso Health Group stock. SmartHarvest Portfolios LLC increased its stake in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,429 shares of the company’s stock after buying 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. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.