Color Star Technology Co Ltd (NASDAQ: ADD) Now $0.17 Higher From Its Low (0.53), Does It Still Have A Growth Story?

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 1.56M but it saw 2516351 shares traded in last market. With a market cap of 35.93M USD, the company’s current market price of $0.70 came falling about -7.44 while comparing to the previous closing price of $0.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.86 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $0.55 while lowest mark touched by it was $0.8011.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.3640, while its current price level is -62.28% below from 52-week high level whereas it is 310.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2728 while that of 200 days or SMA-200 reads an average of $0.2772. A closer look into the stock’s movement over the week reveals that its volatility is standing at 49.36% during that period while stretching the period over a month that decreases to 26.48%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.52 which implies that the stock is in overbought territory.

Over the week, ADD’s stock price is moving 40.35% up while it is 219.05% when we observe its performance for the past one month. Year-to-date it is 89.62% up and over the past year, the stock is showing a downside performance of -43.13%.

Currently, Color Star Technology Co Ltd’s total number of outstanding shares is 51.21M with 11.00% of that held by the insiders while 2.44% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -208.69% and return on equity (ROE) at -143.06%. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 1.61 while price to sale or P/S ratio amounts to 33.90. Its return on asset (ROA) is -120.19% on average.