AMTD Digital Inc ADR (HKD) Stock Could Soon Reward Patient Investors

AMTD Digital Inc ADR (NYSE: HKD) is -30.07% lower on its value in year-to-date trading and has touched a low of $1.65 and a high of $5.80 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 $2.08 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $2.07, the stock is -2.56% and -0.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing -0.48% at the moment leaves the stock -24.17% off its SMA200. HKD registered -43.60% loss for a year compared to 6-month loss of -29.35%. The firm has a 50-day simple moving average (SMA 50) of $2.08086 and a 200-day simple moving average (SMA200) of $2.734185.

The stock witnessed a -2.36% gain in the last 1 month and extending the period to 3 months gives it a -9.21%, and is 0.49% 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 21.87% over the week and 9.14% over the month.

Distance from 52-week low is 25.45% and -64.31% from its 52-week high.

AMTD Digital Inc ADR (HKD) Top Institutional Holders

9.0 institutions hold shares in AMTD Digital Inc ADR (HKD), with institutional investors hold 0.07% of the company’s shares. The shares outstanding are 124.54M, and float is at 27.30M with Short Float at 2.69%. Institutions hold 0.07% of the Float.

The top institutional shareholder in the company is MORGAN STANLEY with over 51640.0 shares valued at $0.19 million. The investor’s holdings represent 0.027% of the HKD Shares outstanding. As of 2024-06-30, the second largest holder is SMITH ANGLIN FINANCIAL, LLC with 20260.0 shares valued at $73139.0 to account for 0.0104 of the shares outstanding. The other top investors are POWELL INVESTMENT ADVISORS, LLC which holds 15830.0 shares representing 0.0081% and valued at over $57146.0, while SCHONFELD STRATEGIC ADVISORS LLC holds 0.0059 of the shares totaling 11500.0 with a market value of $41515.0.