Are Analysts Too Bullish On Color Star Technology Co Ltd (ADD)

money audit

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 2.24M but it saw 2181168 shares traded in last market. With a market cap of 92.41M USD, the company’s current market price of $1.69 came rising about 24.26 while comparing to the previous closing price of $1.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.68 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $1.4 while lowest mark touched by it was $1.82.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.9311, while its current price level is 0.64% below from 52-week high level whereas it is 887.73% 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 $0.6144 while that of 200 days or SMA-200 reads an average of $0.3573. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.99% during that period while stretching the period over a month that decreases to 31.94%. 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 72.27 which implies that the stock is in overbought territory.

Over the week, ADD’s stock price is moving 39.67% up while it is 119.48% when we observe its performance for the past one month. Year-to-date it is 356.76% up and over the past year, the stock is showing an upside performance of 5.62%.

The company is expected to be releasing its next quarterly report in October, 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 54.68M. Company’s return on investment (ROI) stands at -208.69% and return on equity (ROE) at -143.06%. Stock’s beta reads 1.97. Stock has a price to book (P/B) ratio of 3.87 while price to sale or P/S ratio amounts to 87.18. Its return on asset (ROA) is -120.19% on average.