Should Investors Trust The Upside Potential In Color Star Technology Co Ltd (ADD)?

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 2.02M but it saw 3155361 shares traded in last market. With a market cap of 32.27M USD, the company’s current market price of $0.63 came falling about -25.08 while comparing to the previous closing price of $0.84. 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 $0.6 while lowest mark touched by it was $0.908.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.6496, while its current price level is -66.12% below from 52-week high level whereas it is 268.26% 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 $0.3884 while that of 200 days or SMA-200 reads an average of $0.3051. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.19% during that period while stretching the period over a month that increases to 32.11%. 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 51.62 which implies that the stock is in neutral territory.

Over the week, ADD’s stock price is moving -25.88% down while it is 146.13% when we observe its performance for the past one month. Year-to-date it is 70.30% up and over the past year, the stock is showing a downside performance of -47.61%.

The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Color Star Technology Co Ltd’s total number of outstanding shares is 51.21M with 5.10% of that held by the insiders while 1.17% 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 2.09. Stock has a price to book (P/B) ratio of 1.44 while price to sale or P/S ratio amounts to 30.44. Its return on asset (ROA) is -120.19% on average.