AMTD Digital Inc. (NYSE:HKD) finished Wednesday with a subtraction of -$0.23 to close at $6.14, a downside of -3.61 percent. An average of 9,923,120 shares of common stock have been traded in the last five days. There was a gain of $0.43 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 3,221,820 shares traded, while the 50-day average volume stands at 1,921,024.
HKD stock has decreased by -6.97% in the last month. The company shares reached their 1-month lowest point of $4.80 on 08/18/23. With the stock rallying to its 52-week high on 01/05/23, shares of the company touched a low of $4.80 and a high of $385.00 in 52 weeks. It has reached a new high 3 times so far this year and lost -38.60% or -$3.86 in price. In spite of this, the price is down -98.41% from the 52-week high.
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Valuation Metrics
AMTD Digital Inc. (HKD) has a trailing price-to-earnings (P/E) ratio of 30.70. The stock’s beta is 2.41. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.07.
Financial Health
The quick ratio of AMTD Digital Inc. for the recent quarter was 50.80, and the current ratio was 50.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. AMTD Digital Inc.’s EBITDA margin is 44.79%. Its gross profit as reported stood at $14.83 million compared to revenue of $25.29 million.
Earnings Surprise
At the end of the recent quarter, AMTD Digital Inc.’s stock balance sheet showed total liabilities of 10.85 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AMTD Digital Inc. (HKD) price momentum. RSI 9-day as of the close on 23 August was 50.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 142.86%.
As of today, HKD’s price is $5.65 +7.53% or $0.43 from its 5-day moving average. HKD is currently trading -6.97% lower than its 20-day SMA and -9.71% lower than its 100-day SMA. However, the stock’s current price level is -6.40% below the SMA50 and -67.68% below the SMA200.
The stochastic %K and %D were 30.29% and 22.86%, respectively, and the average true range (ATR) was 0.69. With the 14-day stochastic at 37.02% and the average true range at 0.54, the RSI (14) stands at 48.28%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.
