With the S&P 500 down significantly this year, it is important to seek out reliable stock insights and analysis. This article aims to assess the current state of AMTD Digital Inc (HKD) and provide a forecast for its future performance in the stock market. Whether you are an experienced investor or new to finance, we hope this information will assist you in making informed investment decisions.
About HKD
AMTD Digital Inc (HKD) is a leading financial technology company that provides clients all over the world with a variety of innovative digital solutions. Founded in 2015, the company has quickly established itself as a key player in the fintech industry, focusing on digital platforms and services for the capital markets, wealth management, and insurance sectors.
AMTD Digital’s extensive product and service portfolio include a variety of digital platforms and tools, such as online brokerage, asset management, and insurance distribution. The company’s goal is to provide clients with seamless, convenient, and cost-effective access to financial services, assisting them in meeting their financial objectives and navigating the increasingly complex and rapidly changing financial landscape.
Technical analysis
The technical analysis of HKD, based on the given data, indicates that the stock has been performing poorly in the past year, with a 52-week change of -21.84%. This is slightly worse than the overall market, as evidenced by the S&P 500’s -19.75% 52-week change. AMTD Digital’s 52-week high was $2,555.30, and its 52-week low was $12.05.
AMTD Digital’s 50-day moving average is currently $18.99, while the 200-day moving average is $108.25. The 50-day moving average can be used to identify the overall trend of the stock price, while the 200-day moving average can be used to identify the longer-term trend. The 50-day moving average is lower than the 200-day moving average in this case, which indicates a downtrend.
Fundamental analysis
AMTD Digital is a financial technology company worth $2.37 billion in market capitalization and $2.36 billion in enterprise value. The company has a P/E ratio of 77.90, which is higher than the industry average, and a P/S ratio of 84.77. Although the company has a high-profit margin of 108.79% and a net income of $214.28 million, its operating margin of 41.37% and return on assets of 1.62% are both relatively low. AMTD Digital is debt-free and has a current ratio of 27.79 (mrq), and a book value per share of 18.24 (mrq). Over the last year, the company generated $79.89 million in operating cash flow and -595.04 million in levered free cash flow. It does not pay dividends and has had no stock splits.
Closing thoughts
Overall, the financial data suggests that though the company has a strong profit margin and net income, a continued downward trend in stock prices does not make it a good investment at this time. Before investing in the stock, investors should exercise caution.