The stock of Allied Healthcare Products, Inc. (NASDAQ:AHPI) is now priced at $11.25 and the shares are -0.75 points down or -6.25% lower compared to its previous closing price of $12. The stock had 292279 contracts set over the past session. AHPI shares’ daily volume is compared to its average trading volume at 511674 shares. However, it has a float of 2.44 million and although its performance was 1.87% over the week, it’s one to watch. AHPI share price recently placing at $11.03 to $12.3493. However, some brokerage firms have priced the stock below the average, including one that has called $18.
The shorts are running away from the Allied Healthcare Products, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the AHPI shares have declined. Short interest in the stock represents just 5.07% of its float, but the volume has dropped by -64677. The volume of shorted shares dropped to 123904 from 188581 shares over the last two weeks. The average intraday trading volume has been 360897 shares, which means that days to cover moved to roughly 1.
In the last trading session, Allied Healthcare Products, Inc. (NASDAQ:AHPI) dropped by -$0.41 over the week and gained $2.65 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $45. The stock recorded its established 52-week high on 02/28/20.
Since 11/13/19, the stock has traded to a low of $0.92 at 1127.09%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of -4.84. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Allied Healthcare Products, Inc.’s two-week RSI is 51.89. This suggests that the stock is neutral at the moment and that AHPI shares’ price movement remains stable. The stochastic readings are equally revealing at 45.53% meaning the AHPI share price is currently in neutral territory.
The technical chart shows that the AHPI stock will likely settle at between $12.56 and $13.11 per share. However, if the stock dips below $11.24, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.47.
Currently, the stock is trading in the green of MACD, with a reading of 0.11. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Elsewhere, the AHPI stocks P/S ratio currently stands at 0below the group’s average of 34.4. Allied Healthcare Products, Inc. has its P/E ratio at 5.1, which means that the stock is currently trading at a premium relative to the 4.2 industry average.