Color Star Technology Co Ltd (NASDAQ: ADD) Trading above Its 20 Day MA ($0.4134), Why Showing An Interesting Price Pattern?

Color Star Technology Co Ltd (NASDAQ:ADD) does about 1.65M shares in volume on a normal day but saw 3535165 shares change hands in the recent trading day. The company now has a market cap of 35.34M USD. Its current market price is $0.69, marking a decrease of -2.82% compared to the previous close of $0.71. The 52 week high reached by this stock is $1.86 whilst the lowest price level in 52 weeks is $0.17.

Color Star Technology Co Ltd (ADD) has a 20-day trading average at $0.4134 and the current price is -62.90% off the 52-week high compared with 303.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2917 and its 200-day simple moving average is $0.2817. If we look at the stock’s price movements over the week, volatility stands at 31.47%, which decreases to 27.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.57 to suggest the stock is overbought.

Color Star Technology Co Ltd (ADD) stock is up 18.96% over the week and 219.34% over the past month. Its price is 86.51% year-to-date and -43.43% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 51.21M with insiders holding 11.00% of the shares and institutional holders owning 2.46% of the company’s common stock. The company has a return on investment of -208.69% and return on equity of -143.06%. The beta has a value of 1.94. Price to book ratio is 1.58 and price to sales ratio is 33.34.