Allied Healthcare Products Inc.'s (NASDAQ: AHPI) Stock Prices May Increase Drastically In The Near Future. – Marketing Sentinel

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In the last trading session, 31.31 million shares of the Allied Healthcare Products Inc. (NASDAQ:AHPI) were traded, and its beta was -5.56. Most recently the company’s share price was $8.32, and it changed around $2.53 or 43.70% from the last close, which brings the market valuation of the company to $32.45M. AHPI currently trades at a discount to its 52-week high of $13.27, offering almost -59.5% off that amount. The share price’s 52-week low was $3.45, which indicates that the current value has risen by an impressive 58.53% since then. We note from Allied Healthcare Products Inc.’s average daily trading volume that its 10-day average is 46.83 million shares, with the 3-month average coming to 3.92 million.

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Instantly AHPI has showed a green trend with a performance of 43.70% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.54 on Monday, 07/19/21 increased the stock’s daily price by 27.9%. The company’s shares are currently up 70.84% year-to-date, but still up 110.10% over the last five days. On the other hand, Allied Healthcare Products Inc. (NASDAQ:AHPI) is 109.57% up in the 30-day period. We can see from the shorts that 0.19 million shares have been sold at a short interest cover period of 0.75 day(s).

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The consensus price target as assigned by Wall Street analysts is $18.00, which translates to bulls needing to increase their stock price by 53.78% from its current value. Analyst projections state that AHPI is forecast to be at a low of $18.00 and a high of $18.00. In order for the stock price to hit the forecast high, the stock would need to plunge -116.35% from its current level, while the stock would need to crash -116.35% from its current level to reach the projected low.

Allied Healthcare Products Inc. (AHPI) estimates and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.10%.

AHPI Dividends

Allied Healthcare Products Inc.’s next quarterly earnings report is expected to be released in August.

Allied Healthcare Products Inc. (NASDAQ:AHPI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 25.43% of Allied Healthcare Products Inc. shares, and 6.13% of them are in the hands of institutional investors. The stock currently has a share float of 8.23%. Allied Healthcare Products Inc. stock is held by 16 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 1.34% of the shares, which is about 53862.0 shares worth $0.26 million.

Citadel Advisors LLC, with 1.11% or 44400.0 shares worth $0.21 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 53862.0 shares worth $0.26 million, making up 1.34% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 17178.0 shares worth around $81423.0, which represents about 0.43% of the total shares outstanding.

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