Color Star Technology Co Ltd (NASDAQ: ADD) Emerges As Guiding Light For Investors

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 3.12M but it saw 1184571 shares traded in last market. With a market cap of 10.19M USD, the company’s current market price of $0.18 came falling about -2.30 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.85 and as low as $0.16. In the recent trading on the day, stock has struck highest price mark of $0.172 while lowest mark touched by it was $0.1899.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.7686, while its current price level is -90.34% below from 52-week high level whereas it is 8.90% 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 $0.7968 while that of 200 days or SMA-200 reads an average of $0.3901. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.92% during that period while stretching the period over a month that increases to 27.25%. 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 31.73 which implies that the stock is in neutral territory.

Over the week, ADD’s stock price is moving -12.06% down while it is -88.62% when we observe its performance for the past one month. Year-to-date it is -51.70% down and over the past year, the stock is showing a downside performance of -67.35%.

The company is expected to be releasing its next quarterly report in November, 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 57.03M. Company’s return on investment (ROI) stands at -208.69% and return on equity (ROE) at -143.06%. Stock’s beta reads 2.14. Stock has a price to book (P/B) ratio of 0.41 while price to sale or P/S ratio amounts to 9.61. Its return on asset (ROA) is -120.19% on average.