AMTD IDEA Group (NYSE: AMTD) stock jumped 18.18% on Friday to $2.08 against a previous-day closing price of $1.76. With 17.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.41 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $2.2900 whereas the lowest price it dropped to was $1.5700. The 52-week range on AMTD shows that it touched its highest point at $7.91 and its lowest point at $1.01 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMTD was up-trending over the past week, with a rise of 5.58%, but this was up by 79.31% over a month. Three-month performance dropped to -9.57% while six-month performance fell -46.67%. The stock lost -63.51% in the past year, while it has lost -34.38% so far this year.
Float and Shares Shorts:
At present, 210.51 million AMTD shares are outstanding with a float of 152.75 million shares on hand for trading. On Apr 28, 2022, short shares totaled 26610.0, which was 0.01% higher than short shares on Mar 30, 2022. In addition to Mr. William Fung as the firm’s Chief Exec. Officer, Mr. Ho Sum Zee serves as its Co-Chief Financial Officer.
Through their ownership of 3.29% of AMTD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of AMTD, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AMTD with 0.89% of the stake, Morgan Stanley Investment Managem holds 1,274,801 shares worth 1,274,801. A second-largest stockholder of AMTD, Morgan Stanley & Co. LLC, holds 1,100 shares, controlling over 0.00% of the firm’s shares. UBS Securities LLC is the third largest shareholder in AMTD, holding 1,623 shares or 0.00% stake.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMTD since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMTD analysts setting a high price target of $69.90 and a low target of $69.90, the average target price over the next 12 months is $69.90. Based on these targets, AMTD could surge 3260.58% to reach the target high and rise by 3260.58% to reach the target low. Reaching the average price target will result in a growth of 3260.58% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMTD will report FY 2021 earnings on 04/26/2023. Analysts have provided yearly estimates in a range of $1.48 being high and $1.48 being low. For AMTD, this leads to a yearly average estimate of $1.48. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is $0.62 and the low estimate is $0.62. The average estimate for the next quarter is thus $0.62.