Allied Healthcare Products Inc. (NASDAQ:AHPI) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 3.80% to the previous day’s close as strong demand from buyers drove the stock to $6.01.
Actively observing the price movement in the last trading, the stock closed the session at $5.79, falling within a range of $5.80 and $6.86. The value of beta (5-year monthly) was -5.55. Referring to stock’s 52-week performance, its high was $13.27, and the low was $3.45. On the whole, AHPI has fluctuated by 55.30% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AHPI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 1 called the AHPI stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AHPI currently trading nearly 24.47% and 39.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.41, while the 7-day volatility ratio is showing 40.37% which for the 30-day chart, stands at 24.27%. Furthermore, Allied Healthcare Products Inc. (AHPI)’s beta value is -5.56, and its average true range (ATR) is 1.38. The company’s stock has been forecasted to trade at an average price of $18.00 over the course of the next 52 weeks, with a low of $18.00 and a high of $18.00. Based on these price targets, the low is -199.5% off current price, whereas the price has to move -199.5% to reach the yearly target high. Additionally, analysts’ median price of $18.00 is likely to be welcomed by investors because it represents a decrease of -199.5% from the current levels.
A comparison of Allied Healthcare Products Inc. (AHPI) with its peers suggests the former has fared considerably weaker in the market. AHPI showed an intraday change of 3.80% in last session, and over the past year, it shrunk by -47.88%%. In comparison, Thermo Fisher Scientific Inc. (TMO) has moved lower at -1.59% on the day and was up 27.58% over the past 12 months. On the other hand, the price of Dynatronics Corporation (DYNT) has risen 3.57% on the day. The stock, however, is off 24.20% from where it was a year ago. Additionally, there is a loss of 0.00% for Electromed Inc. (ELMD) in last trading while the stock has seen an overall depriciation of -28.90%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.82%. Meanwhile, the Dow Jones Industrial Improved by 0.83%.
Data on historical trading for Allied Healthcare Products Inc. (NASDAQ:AHPI) indicates that the trading volumes over the past 3 months, they’ve averaged 4.49 million. According to company’s latest data on outstanding shares, there are 4.01 million shares outstanding.
Nearly 25.43% of Allied Healthcare Products Inc.’s shares belong to company insiders and institutional investors own 6.10% of the company’s shares. The stock has risen by 23.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AHPI stock heading into the next quarter.