Color Star Technology Co Ltd (ADD): Choosing The Technical Investor Route

Color Star Technology Co Ltd (NASDAQ:ADD) does about 1.96M shares in volume on a normal day but saw 2237018 shares change hands in the recent trading day. The company now has a market cap of 38.40M USD. Its current market price is $0.71, marking an increase of 3.59% compared to the previous close of $0.69. 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 $0.7241 and the current price is -61.83% off the 52-week high compared with 314.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4433 and its 200-day simple moving average is $0.3183. If we look at the stock’s price movements over the week, volatility stands at 33.21%, which decreases to 29.01% 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 56.80 to suggest the stock is neutral.

The current price level is -1.06%, 63.82%, and 124.70% away from its SMA20, SMA50, and SMA200 respectively, with the ADD price moving below the 50-day SMA on current market day. Color Star Technology Co Ltd (ADD) stock is up 14.55% over the week and 69.05% over the past month. Its price is 91.89% year-to-date and -32.95% over the past year.

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

The company has a return on investment of -208.69% and return on equity of -143.06%. The beta has a value of 2.02. Price to book ratio is 1.63 and price to sales ratio is 36.23.