AHG Stock Summary and Trading Ideas (Akso Health Group - American Depositary Shares | NASDAQ:AHG)

Akso Health Group formerly Xiaobai Maimai Inc is a social e-commerce platform based in China. The company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. It operates in two segments namely online marketplace and health devices. It generates the majority of revenue from the health devices segment.

Akso Health Group - American Depositary Shares trades on the NASDAQ stock market under the symbol AHG.

As of July 26, 2024, AHG stock price climbed to $1.03 with 3,330 million shares trading.

AHG has a beta of -0.17, meaning it tends to be less sensitive to market movements. AHG has a correlation of 0.00 to the broad based SPY ETF.

AHG has a market cap of $113.31 million. This is considered a Micro Cap stock.

AHG has outperformed the market in the last year with a return of +236.8%, while the SPY ETF gained +21.0%. In the last 3 month period, AHG beat the market returning +34.3%, while SPY returned +8.5%. However, in the most recent 2 weeks AHG has underperformed the stock market by returning -7.7%, while SPY returned -2.2%.

AHG support price is $.88 and resistance is $1.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AHG stock will trade within this expected range on the day.