Color Star Technology Co Ltd (NASDAQ: ADD) Now -34.95% Off Its High ($1.86), Does Analysts See Headwinds And Risks?

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 2.16M but it saw 2518079 shares traded in last market. With a market cap of 65.45M USD, the company’s current market price of $1.21 came rising about 28.04 while comparing to the previous closing price of $0.94. 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 $0.831 while lowest mark touched by it was $1.23.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.7504, while its current price level is -34.95% below from 52-week high level whereas it is 607.19% 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 $0.4867 while that of 200 days or SMA-200 reads an average of $0.3280. A closer look into the stock’s movement over the week reveals that its volatility is standing at 36.64% during that period while stretching the period over a month that decreases to 29.55%. 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 73.20 which implies that the stock is in overbought territory.

Over the week, ADD’s stock price is moving 113.78% up while it is 59.63% when we observe its performance for the past one month. Year-to-date it is 227.03% up and over the past year, the stock is showing a downside performance of -6.20%.

Currently, Color Star Technology Co Ltd’s total number of outstanding shares is 54.09M. Company’s return on investment (ROI) stands at -208.69% and return on equity (ROE) at -143.06%. Stock’s beta reads 1.99. Stock has a price to book (P/B) ratio of 2.77 while price to sale or P/S ratio amounts to 61.74. Its return on asset (ROA) is -120.19% on average.