AMTD Stock Summary and Trading Ideas (Amtd Idea Group American Depositary Shares Each Representing Two Class A | NYSE:AMTD)

AMTD IDEA Group is a financial institution operating in three business lines investment banking, asset management, and strategic investment. Its investment banking segment assists customers in raising funds through equity and debt financing, providing underwriting for initial public offerings (IPOs), private placements, and debt issuances, and providing financial advisory services. The asset management segment provides a wide range of asset management products and services, investment advisory services, and external assets management services. The strategic investment segment engages in proprietary investments and management of investment portfolios. Its geographical segments are Hong Kong, Mainland China, and Others.

Amtd Idea Group American Depositary Shares Each Representing Two Class A trades on the NYSE stock market under the symbol AMTD.

As of March 27, 2023, AMTD stock price declined to $1.49 with 118,881 million shares trading.

AMTD has a beta of 0.67, meaning it tends to be less sensitive to market movements. AMTD has a correlation of 0.01 to the broad based SPY ETF.

AMTD has a market cap of $281.32 million. This is considered a Small Cap stock.

Last quarter Amtd Idea Group American Depositary Shares Each Representing Two Class A reported $2 billion in Revenue and $2.18 earnings per share. This beat revenue expectation by $176 million and exceeded earnings estimates by $.48.

The top ETF exchange traded funds that AMTD belongs to (by Net Assets): AVDV.

AMTD has underperformed the market in the last year with a price return of -40.9% while the SPY ETF lost -10.6%. AMTD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.6% and -5.1%, respectively, while the SPY returned +3.9% and +3.1%, respectively.

AMTD support price is $1.47 and resistance is $1.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMTD stock will trade within this expected range on the day.