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NYSE:HKD

AMTD Digital (HKD) Stock Price, News & Analysis

AMTD Digital logo
$2.89 -0.08 (-2.69%)
(As of 11/20/2024 ET)

About AMTD Digital Stock (NYSE:HKD)

Key Stats

Today's Range
$2.82
$2.98
50-Day Range
$2.72
$5.26
52-Week Range
$2.61
$6.18
Volume
198,265 shs
Average Volume
333,729 shs
Market Capitalization
$553.29 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

AMTD Digital Inc., a Hong Kong-based financial technology firm, provides digital solutions to clients in the financial sector. A subsidiary of the AMTD Group, a financial services group also based in Hong Kong, AMTD Digital Inc. is owned by AMTD Idea, which holds 88.7% of the firm's shares. The AMTD Group ultimately owns both AMTD Digital Inc. and AMTD Idea.

In 2019, Calvin Choi, a former UBS investment banker, founded AMTD Digital. Choi is also the chairman of AMTD Idea and the AMTD Group. In early 2022, the Securities and Futures Commission (SFC) issued a two-year ban against him due to conflicts of interest in 2014 and 2015 while he was a UBS banker and dealmaker. Choi is currently appealing the decision from the SFC.

Clients in the financial sector use AMTD Digital's services and the firm's proprietary software platform, AMTD SpiderNet. The firm operates across four lines of business: SpiderNet ecosystem solutions, digital financial services, digital investments and content development, marketing and digital media. Most of AMTD Digital Inc.'s revenue comes from fees and commissions earned from its digital financial services business and its SpiderNet ecosystem solutions segment.

The SpiderNet ecosystem solutions segment connects Asia-based entrepreneurs and corporations with resources and technologies from the SpiderNet platform. The digital financial services segment provides corporate and retail insurance coverage and corporate digital banking services. Content development and marketing and digital media distribute promotional messages through digital media platforms, such as social media, mobile apps and websites. The digital investments segment holds interests in several companies, such as Appier, AMTD ASEAN Solidarity Fund, WeDoctor, DayDayCook and MAS-SFA-AMTD FinTech Solidarity Grant. The MAS-SFA-AMTD comprises the Monetary Authority of Singapore (MAS), the Singapore FinTech Association (SFA) and AMTD Foundation (AMTD), which have established a fund to support fintech companies based in Singapore. 

On July 15, 2022, AMTD Digital held an IPO on the New York Stock Exchange with a starting price of $7.80. Since then, the company's stock has seen tremendous price fluctuations on the stock market. On August 1, 2022, the stock started to rise incredibly fast and, despite the lack of a catalyst, surged from its IPO price to $721.23, a 21,000% increase, resulting in a market capitalization of over $310 billion. It put AMTD Digital's market capitalization higher than companies like Bank of America, Coca-Cola, Shell and Costco. Immediately after the peak, the price began to decline steadily and currently hovers between $10 and $20.

AMTD Digital has made significant investments in the financial technology sector. The firm has invested in numerous start-ups and invested in fund and grant organizations to award monies to financial technology start-ups. Its peer community recognized AMTD Digital for its involvement and continued commitment. It has earned the World Economic Forum's Global Growth Company label and the Hong Kong Corporate Social Responsibility Award.

AMTD Digital Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
6th Percentile Overall Score

HKD MarketRank™: 

AMTD Digital scored higher than 6% of companies evaluated by MarketBeat, and ranked 316th out of 329 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for AMTD Digital.

  • Price to Book Value per Share Ratio

    AMTD Digital has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.41% of the outstanding shares of AMTD Digital have been sold short.
  • Short Interest Ratio / Days to Cover

    AMTD Digital has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in AMTD Digital has recently decreased by 18.18%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    AMTD Digital does not currently pay a dividend.

  • Dividend Growth

    AMTD Digital does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.41% of the outstanding shares of AMTD Digital have been sold short.
  • Short Interest Ratio / Days to Cover

    AMTD Digital has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in AMTD Digital has recently decreased by 18.18%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    AMTD Digital has a news sentiment score of -0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for AMTD Digital this week, compared to 0 articles on an average week.
  • Search Interest

    Only 1 people have searched for HKD on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.
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HKD Stock News Headlines

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HKD Stock Analysis - Frequently Asked Questions

AMTD Digital's stock was trading at $4.17 at the beginning of 2024. Since then, HKD stock has decreased by 30.7% and is now trading at $2.89.
View the best growth stocks for 2024 here
.

AMTD Digital (HKD) raised $125 million in an initial public offering (IPO) on Friday, July 15th 2022. The company issued 16,000,000 shares at a price of $7.80 per share.

Top institutional shareholders of AMTD Digital include International Assets Investment Management LLC (0.01%).

Shares of HKD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that AMTD Digital investors own include Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Advanced Micro Devices (AMD), Jabil (JBL) and Adobe (ADBE).

Company Calendar

Today
11/21/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
Banking
Employees
50
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$33.07 million
Cash Flow
$0.22 per share
Book Value
$2.72 per share

Miscellaneous

Free Float
N/A
Market Cap
$553.29 million
Optionable
Not Optionable
Beta
2.42
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This page (NYSE:HKD) was last updated on 11/21/2024 by MarketBeat.com Staff
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