Color Star Technology Co. Ltd. (NASDAQ:CSCW) finished Wednesday with an addition of $0.02 to close at $0.55, an upside of 4.64 percent. An average of 3,224,220 shares of common stock have been traded in the last five days. There was a gain of $0.0585 in the past week. The last 20 days have seen an average of 4,470,895 shares traded, while the 50-day average volume stands at 2,658,206.
CSCW stock has decreased by -50.49% in the last month. The company shares reached their 1-month lowest point of $0.4801 on 09/29/21. With the stock rallying to its 52-week high on 03/30/21, shares of the company touched a low of $0.45 and a high of $2.67 in 52 weeks. In spite of this, the price is down -79.23% from the 52-week high.
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Color Star Technology Co. Ltd. (CSCW) has a trailing price-to-earnings (P/E) ratio of 15.40, which compares with the 19.30 for the broader industry and 30.41 for the sector. The stock’s beta is 2.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 35.62, the price-to-book (PB) ratio at 1.32.
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Color Star Technology Co. Ltd.’s return on assets was -27.30%, compared to -20.5% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -174.10% and the 5-year average holds at -161.4%. For the broader industry, ROE averaged 4.77 over the past year.
From a technical analysis perspective, let’s take a brief look at Color Star Technology Co. Ltd. (CSCW) price momentum. RSI 9-day as of the close on 13 October was 37.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.48%.
As of today, CSCW’s price is $0.5245 +11.79% or $0.0585 from its 5-day moving average. CSCW is currently trading -42.84% lower than its 20-day SMA and -46.68% lower than its 100-day SMA. However, the stock’s current price level is -34.60% below the SMA50 and -27.04% below the SMA200.
The stochastic %K and %D were 12.40% and 9.03%, respectively, and the average true range (ATR) was 0.0499. With the 14-day stochastic at 19.60% and the average true range at 0.0582, the RSI (14) stands at 35.32%. The stock has reached 0.0126 on the 9-day MACD Oscillator while the 14-day reading was at 0.0065.