Why You Need Color Star Technology Co. Ltd. (CSCW) On Your Watchlist

Color Star Technology Co. Ltd. (NASDAQ:CSCW) saw an upside of 0.27% to $0.52 after adding $0.01 on Tuesday. The 5-day average trading volume is 2,446,218 shares of the company’s common stock. It has gained $0.5249 in the past week. An average of 4,236,415 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,546,044.

CSCW’s 1-month performance is -57.12% or -$0.6811 on its low of $0.4801 reached on 09/29/21. The company’s shares have touched a 52-week low of $0.45 and high of $2.67, with the stock’s rally to the 52-week high happening on 03/30/21. YTD, CSCW has lost -26.90% or -$0.1851. However, the current price is down -80.67%% from the 52-week high price.

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Valuation Metrics

CSCW stock has a beta of 2.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 33.06 while the price-to-book (PB) in the most recent quarter is 1.23.

Technical Picture

Let’s look briefly at Color Star Technology Co. Ltd. (CSCW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 27.29% to suggest the stock is trending oversold, with historical volatility in this time period at 44.74%.

The stock’s 5-day moving average is $0.5106, reflecting a +2.41% or $0.0122 change from its current price. CSCW is currently trading -53.67% above its 20-day SMA, -46.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -40.05% and -26.92% respectively.

Stochastic %K and %D was 7.11% and 6.45% and the average true range (ATR) pointed at 0.0485. The RSI (14) points at 30.02%, while the 14-day stochastic is at 8.10% with the period’s ATR at 0.0580. The stock’s 9-day MACD Oscillator is pointing at -0.0042 and -0.0341 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for CSCW stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CSCW as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is CSCW’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $120.00 and a high of $120.00, with their median price target at $120.00. Looking at these predictions, the average price target given by analysts is for Color Star Technology Co. Ltd. (CSCW) stock is $120.00.


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