Color Star Technology Co Ltd (NASDAQ: ADD) Plunges -11.05% And Its 9.74% Stock Volatility Is Bewildering

Color Star Technology Co Ltd (NASDAQ:ADD) does about 2.85M shares in volume on a normal day but saw 3761818 shares change hands in the recent trading day. The company now has a market cap of 8.19M USD. Its current market price is $0.14, marking a decrease of -11.05% compared to the previous close of $0.16. The 52 week high reached by this stock is $1.85 whilst the lowest price level in 52 weeks is $0.15.

Color Star Technology Co Ltd (ADD) has a 20-day trading average at $0.1709 and the current price is -92.39% off the 52-week high compared with -6.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5986 and its 200-day simple moving average is $0.3742. If we look at the stock’s price movements over the week, volatility stands at 9.74%, which decreases to 8.91% 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 31.48 to suggest the stock is neutral.

The current price level is -17.62%, -76.48%, and -62.37% away from its SMA20, SMA50, and SMA200 respectively, with the ADD price moving above the 50-day SMA on current market day. Color Star Technology Co Ltd (ADD) stock is down -14.67% over the week and -22.42% over the past month. Its price is -61.95% year-to-date and -36.00% 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 -144.94% and return on equity of -124.25%. The beta has a value of 2.24. Price to book ratio is 0.40 and price to sales ratio is 2.89.