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PARIS/NEW YORK/SINGAPORE - AMTD Digital Inc. (NYSE:HKD) announced Tuesday that its major shareholders and executives have agreed to extend their commitment not to sell shares in the open market until November 2027. The stock, which has shown a significant 41% return over the past week according to InvestingPro data, has been known for its high price volatility.
The NYSE-listed digital solutions company said it received confirmation from AMTD Group, AMTD IDEA Group, and its directors and officers regarding the extended lock-up period. This represents an extension of the original lock-up undertaking that was first announced on August 16, 2022.
Lock-up agreements typically restrict insiders from selling their shares for a specified period, often to demonstrate confidence in the company's long-term prospects and to prevent large volumes of shares from entering the market at once.
AMTD Digital describes itself as a comprehensive digital solutions platform headquartered in France. The company operates across multiple business segments including digital media, content and marketing services, investments, and hospitality and VIP services. With a market cap of $754 million, the company has posted impressive 86.8% gross profit margins and remains profitable over the last twelve months. InvestingPro analysis indicates the stock is currently slightly undervalued with a "GOOD" overall financial health score.
The information was disclosed in a press release statement issued by the company. Despite the recent positive stock movement, AMTD Digital is trading at high revenue and EBITDA valuation multiples, which investors should consider when evaluating the stock's potential. InvestingPro offers 11 additional tips that could help investors make more informed decisions about this volatile stock.
In other recent news, AMTD Digital Inc. reported a remarkable 1,085.9% increase in revenue for the six months ending April 30, 2025. The company's revenue reached $73.2 million, a significant rise from $6.2 million in the same period last year. This surge in revenue is primarily attributed to the consolidation of The Generation Essentials Group as a subsidiary since October 2024, which significantly bolstered AMTD Digital's media and entertainment segment. These recent developments highlight the company's substantial growth in the first half of the year.
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