AMTD Digital Inc ADR (HKD) Volatility At 6.25%, Should You Add A Position?

AMTD Digital Inc ADR (NYSE: HKD) is -1.20% lower on its value in year-to-date trading and has touched a low of $3.67 and a high of $10.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HKD stock was last observed hovering at around $4.10 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $4.12, the stock is 3.44% and -2.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.49% at the moment leaves the stock -24.61% off its SMA200. HKD registered -57.31% loss for a year compared to 6-month loss of -37.67%. The firm has a 50-day simple moving average (SMA 50) of $22.51 and a 200-day simple moving average (SMA200) of $15.57.

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The stock witnessed a 2.74% gain in the last 1 month and extending the period to 3 months gives it a 1.73%, and is 3.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.25% over the week and 4.34% over the month.

AMTD Digital Inc ADR (HKD) has around 199 employees, a market worth around $112.56M and $33.06M in sales. Current P/E ratio is 18.26. Profit margin for the company is 126.21%. Distance from 52-week low is 12.26% and -61.85% from its 52-week high. The company has generated returns on investments over the last 12 months (9.11%).

15 institutions hold shares in AMTD Digital Inc ADR (HKD), with institutional investors hold 0.55% of the company’s shares. The shares outstanding are 27.32M, and float is at 27.30M with Short Float at 5.31%. Institutions hold 0.55% of the Float.

The top institutional shareholder in the company is Euro Pacific Asset Management, LLC with over 0.44 million shares valued at $2.86 million. The investor’s holdings represent 1.62% of the HKD Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of America Corporation with 0.11 million shares valued at $0.71 million to account for 0.40% of the shares outstanding. The other top investors are Virtu Financial LLC which holds 73114.0 shares representing 0.27% and valued at over $0.47 million, while Shay Capital LLC holds 0.19% of the shares totaling 51000.0 with a market value of $0.33 million.