Should You Sell Color Star Technology Co Ltd (ADD) And Go Away This Year?

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 3.16M but it saw 2083159 shares traded in last market. With a market cap of 10.29M USD, the company’s current market price of $0.17 came rising about 6.70 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.85 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.157 while lowest mark touched by it was $0.174.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.1736, while its current price level is -90.96% below from 52-week high level whereas it is 11.53% 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 $0.6175 while that of 200 days or SMA-200 reads an average of $0.3763. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.79% during that period while stretching the period over a month that increases to 8.78%. 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 33.53 which implies that the stock is in neutral territory.

Over the week, ADD’s stock price is moving 8.43% up while it is -17.67% when we observe its performance for the past one month. Year-to-date it is -54.78% down and over the past year, the stock is showing a downside performance of -24.50%.

Currently, Color Star Technology Co Ltd’s total number of outstanding shares is 61.46M. Company’s return on investment (ROI) stands at -144.94% and return on equity (ROE) at -124.25%. Stock’s beta reads 2.25. Stock has a price to book (P/B) ratio of 0.47 while price to sale or P/S ratio amounts to 3.63. Its return on asset (ROA) is -93.22% on average.