Color Star Technology Co Ltd (ADD): Investing In A Time Of Crisis

Color Star Technology Co Ltd (NASDAQ:ADD) currently has a daily average trading volume of 2.97M but it saw 12306160 shares traded in last market. With a market cap of 4.41M USD, the company’s current market price of $0.07 came falling about -7.95 while comparing to the previous closing price of $0.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.85 and as low as $0.07. In the recent trading on the day, stock has struck highest price mark of $0.0611 while lowest mark touched by it was $0.0768.

Taking a look at 20-day trading activity of Color Star Technology Co Ltd (ADD) gives us an average price of $0.1574, while its current price level is -96.12% below from 52-week high level whereas it is 2.28% 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 $0.5717 while that of 200 days or SMA-200 reads an average of $0.3705. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.07% during that period while stretching the period over a month that decreases to 11.20%. 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 26.50 which implies that the stock is in oversold territory.

Over the week, ADD’s stock price is moving -57.08% down while it is -59.82% when we observe its performance for the past one month. Year-to-date it is -80.59% down and over the past year, the stock is showing a downside performance of -69.83%.

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 2.12. Stock has a price to book (P/B) ratio of 0.20 while price to sale or P/S ratio amounts to 1.56. Its return on asset (ROA) is -93.22% on average.