Stock in AMTD Digital (NYSE: HKD) have been on a rollercoaster this week, jumping more than 3,000% in just days and a whopping 10,000% since the firm's IPO on the NYSE on July 15.
Since then, the stock has tumbled over 40% in 24 hours from its peak. There's no doubt this is a volatile situation.
AMTD Digital is a fintech and subsidiary of Hong Kong based investment bank AMTD Idea Group, which is also listed on the NYSE. It was founded in 2019 and provides services across Asia.
If you're looking to buy AMTD stock from Australia, you can do so from an online trading platform with access to the US market (see below). Bearing in mind this is an incredibly volatile situation and the risks of buying in a high.
It's not clear.
Some media commentators are comparing the stock to GameStop (GME), which saw its price surge in early 2021 thanks to hype from Reddit users on trade forum Wallstreetbets. However there's not a lot of proof that redditors or users on other social sites are the cause here, with most posts on r/wallstreetbets appearing only after the stock price surge.
There also aren't any big announcements or news to help explain HKD's price volatility. In a statement by AMTD Digital, it said it had no knowledge of any significant events since its IPO but that it was monitoring the situation.
Well, we're also monitoring the situation and will update this page once we know more. Stay tuned!
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
| Latest market close | $6.86 |
|---|---|
| 52-week range | $7.11 - $2,117.80 |
| 50-day moving average | $9.43 |
| 200-day moving average | $75.16 |
| Wall St. target price | N/A |
| PE ratio | 39.8333 |
| Dividend yield | $0 (0%) |
| Earnings per share (TTM) | $0.18 |
Historical closes compared with the close of $6.86 from 2023-03-27
| 1 week (2023-03-21) | -5.64% |
|---|---|
| 1 month (2023-03-01) | -11.37% |
| 3 months (2022-12-29) | -33.07% |
| 6 months (2022-09-29) | -86.55% |
| 1 year (2022-03-25) | N/A |
|---|---|
| 2 years (2021-03-25) | N/A |
| 3 years (2020-03-25) | N/A |
| 5 years (2018-03-25) | N/A |
Valuing AMTD Digital stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of AMTD Digital's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
| Revenue TTM | $204.9 million |
|---|---|
| Operating margin TTM | 44.79% |
| Gross profit TTM | $124.5 million |
| Return on assets TTM | 1.62% |
| Return on equity TTM | 6.72% |
| Profit margin | 127.12% |
| Book value | $23.27 |
| Market capitalisation | $1.4 billion |
TTM: trailing 12 months
We're not expecting AMTD Digital to pay a dividend over the next 12 months.
AMTD Digital Inc. , through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. It operates through three segments: SpiderNet Ecosystem Solutions, Digital Financial Services, and Corporate. The company offers digital banking and insurance technology platforms for consumers and small and medium-sized enterprises; and SpiderNet ecosystem, a platform to enhance their investor communication, investor relations, and corporate communication to enhance their valuation. Its platform monitors portfolio companies, such as tracking of business and technology development, competitive landscape, latest technological trends, risk exposure, and financial analysis. The company was incorporated in 2019 and is based in Central, Hong Kong. AMTD Digital Inc.
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