AGM Group (NASDAQ:AGMH) Trading Up 1.9% – Still a Buy?

AGM Group Holdings Inc. (NASDAQ:AGMH) was up 1.9% during trading on Tuesday . The stock traded as high as $4.38 and last traded at $4.28. Approximately 30,348 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 140,406 shares. The stock had previously closed at $4.20.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AGMH shares. UBS Group set a $5.77 price objective on AGM Group in a research note on Friday, September 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of AGM Group in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of $5.77.

AGM Group Stock Up 1.9%

The company has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $3.46.

Institutional Trading of AGM Group

A hedge fund recently bought a new stake in AGM Group stock. Bank of America Corp DE bought a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned approximately 3.02% of AGM Group as of its most recent SEC filing.

About AGM Group

AGM Group Holdings Inc operates as a technology company, engages in the research and development of blockchain-oriented ASIC chip in Singapore, Hong Kong, and China. The company offers MetaTrader 5, a futures trading solution; and foreign exchange trading system that provides services to financial institutions.