AMTD Digital Inc ADR (HKD) Should Be Considered For The Next Few Weeks

AMTD Digital Inc ADR (NYSE:HKD) concluded the trading at $2.76 on Wednesday, January 08 with a fall of -2.82% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $2.84 and 5Y monthly beta was reading 2.439 with its price kept floating in the range of $2.645 and $2.9 on the day. Considering stock’s 52-week price range provides that HKD hit a high price of $5.80 and saw its price falling to a low level of $2.55 during that period. Over a period of past 1-month, stock came subtracting -6.76% in its value.

With its current market valuation of $75.40 million, AMTD Digital Inc ADR is set to declare its quarterly results in February. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

In contrast, when we review HKD stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the HKD stock which is currently positioned at 0. It further provides that stock’s current price level is -1.46% away from its 20-day simple moving average and is -6.41% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 43.64 while volatility remained at 7.41% over the past week which changes to 7.32% when measuring it over the past month. Beta is valued at 2.28, while measure of average true range or ATR is currently at 0.21.

Having a second look at AMTD Digital Inc ADR (NYSE:HKD) provides that stock’s average daily trading volume for 3 months was 396.41K, while it jumped to 477490 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 124.54 million.

In December the standing of shares short improved as it was 0.74 million in the previous month. Subtraction of -6.76% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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