Apollo Medical Holdings Inc (NASDAQ: AMEH) has gained more than 20% in value this week on no notable news event. In fact, the last catalyst that would have driven Apollo Medical stock higher was back on June 11 when the company said it would be included in the S&P SmallCap 600 index.
As such, the recent surge in Apollo Medical stock is purely based on sentiment and this shouldn’t come as a surprise to investors and traders. Such has become the norm amid the Reddit and Wall Street Bets hype where seemingly any stock can move higher for seemingly any reason.
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According to Memestocks.org, Apollo Medical stock isn’t part of the “meme stock†group. But this could change quickly as AMEH stock’s recent momentum could catch the attention of Reddit users.
Taking a look at the Apollo Medical stock chart shows that shares are up around 100% over the past one month and more than 250% over the past six months. If you are confident that the stock is not out of juice yet, you’d want to buy its shares now and ride the next wave up. The following guide will teach you how to buy Apollo Medical stock now.
Where and how to buy Apollo Medical stock online?
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What is Apollo Medical Stock?
Apollo Medical Holdings Inc. is a physician-centric, technology-powered, risk-bearing healthcare management company headquartered in Alhambra, California. Its healthcare delivery platform aims at helping providers offer outcomes-based medical care in a cost-effective manner.
Apollo Medical stock opened at $75 on Wednesday and is currently exchanging hands at $78. On a year-to-date basis, the California-based company is now up close to 300%. In March 2020, when the COVID-19 crisis weighed on financial markets, the stock had slipped to a low of $11 per share. At the time of writing, Apollo Medical is valued at $4.28 billion and a price to earnings ratio of 64.82.
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