The Week Ahead: Are Investors Really Too Optimistic About AMTD Digital Inc ADR (NYSE: HKD)

AMTD Digital Inc ADR (NYSE:HKD) currently has a daily average trading volume of 177.17K but it saw 6989983 shares traded in last market. With a market cap of 106.82M USD, the company’s current market price of $3.91 came rising about 22.19 while comparing to the previous closing price of $3.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.18 and as low as $2.61. In the recent trading on the day, stock has struck highest price mark of $3.41 while lowest mark touched by it was $4.1199.

Taking a look at 20-day trading activity of AMTD Digital Inc ADR (HKD) gives us an average price of $3.02, while its current price level is -36.73% below from 52-week high level whereas it is 49.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.00 while that of 200 days or SMA-200 reads an average of $3.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.92% during that period while stretching the period over a month that decreases to 7.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.75 which implies that the stock is in neutral territory.

Over the week, HKD’s stock price is moving 23.73% up while it is 40.14% when we observe its performance for the past one month. Year-to-date it is -6.24% down and over the past year, the stock is showing a downside performance of -29.17%.

Currently, AMTD Digital Inc ADR’s total number of outstanding shares is 27.32M. Stock’s beta reads 2.43.