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 1.24M but it saw 833918 shares traded in last market. With a market cap of 110.92M USD, the company’s current market price of $4.06 came falling about -8.97 while comparing to the previous closing price of $4.46. 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 $3.985 while lowest mark touched by it was $4.3791.

Taking a look at 20-day trading activity of AMTD Digital Inc ADR (HKD) gives us an average price of $3.60, while its current price level is -34.30% below from 52-week high level whereas it is 55.56% 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 $3.16 while that of 200 days or SMA-200 reads an average of $3.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.85% during that period while stretching the period over a month that decreases to 11.25%. 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 54.79 which implies that the stock is in neutral territory.

Over the week, HKD’s stock price is moving -22.22% down while it is 49.26% when we observe its performance for the past one month. Year-to-date it is -2.64% down and over the past year, the stock is showing a downside performance of -26.45%.

Currently, AMTD Digital Inc ADR’s total number of outstanding shares is 27.32M. Stock’s beta reads 2.41.