AMTD Digital (NYSE:HKD) Stock Price Up 0.9% – Should You Buy?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) shares shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $1.62 and last traded at $1.6050. Approximately 119,669 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 113,679 shares. The stock had previously closed at $1.59.

Analyst Ratings Changes

Separately, Weiss Ratings lowered AMTD Digital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

AMTD Digital Stock Up 1.6%

The firm has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $1.62. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC lifted its stake in shares of AMTD Digital by 182.5% in the 3rd quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock valued at $114,000 after acquiring an additional 41,063 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of AMTD Digital by 127.2% in the 4th quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock worth $106,000 after buying an additional 46,561 shares during the last quarter. XTX Topco Ltd purchased a new position in AMTD Digital during the 4th quarter valued at $80,000. Faithward Advisors LLC lifted its holdings in AMTD Digital by 324.5% in the first quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock worth $106,000 after buying an additional 51,921 shares during the period. Finally, SmartHarvest Portfolios LLC bought a new stake in AMTD Digital during the 1st quarter valued at approximately $179,000. 5.75% of the stock is owned by hedge funds and other institutional investors.

About AMTD Digital

AMTD Digital Inc is a Cayman Islands–incorporated digital technology and financial service provider that delivers a suite of digital-first solutions to financial institutions, corporations and government bodies. As a subsidiary of AMTD Group, the company leverages its expertise in digital transformation to support clients’ needs for scalable, secure and data-driven platforms.

The company’s core offerings include digital brokerage, digital wealth management, digital insurance and digital capital markets services, supplemented by tokenization and digital asset solutions.