What The Financials Tell Us About Color Star Technology Co. Ltd. (CSCW)

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Color Star Technology Co. Ltd. (NASDAQ:CSCW) finished Thursday with a subtraction of $0.0 to close at $0.07, an upside of 0.45 percent. An average of 54,480,320 shares of common stock have been traded in the last five days. There was a fall of -$0.0046 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 25,091,520 shares traded, while the 50-day average volume stands at 13,055,160.

CSCW stock has decreased by -43.44% in the last month. The company shares reached their 1-month lowest point of $0.0615 on 09/15/22. With the stock rallying to its 52-week high on 02/15/22, shares of the company touched a low of $0.06 and a high of $0.96 in 52 weeks. It has reached a new high 4 times so far this year and lost -86.71% or -$0.4357 in price. In spite of this, the price is down -93.04% from the 52-week high.


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Valuation Metrics

Color Star Technology Co. Ltd. (CSCW) stock’s beta is 2.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.92, the price-to-book (PB) ratio at 0.09.

Financial Health

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. Color Star Technology Co. Ltd.’s EBITDA margin is -86.06%, while its operating margin for the same period stands at -42.40%. Its gross profit as reported stood at $2.65 million compared to revenue of $6.78 million.

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 -7.30%.

Earnings Surprise

At the end of the recent quarter, Color Star Technology Co. Ltd.’s stock balance sheet showed total liabilities of 2.17 million.

Technical Picture

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 22 September was 16.29%, suggesting the stock is oversold, with historical volatility in this time frame at 244.99%.

As of today, CSCW’s price is $0.0673 -6.44% or -$0.0046 from its 5-day moving average. CSCW is currently trading -44.70% lower than its 20-day SMA and -57.04% lower than its 100-day SMA. However, the stock’s current price level is -48.62% below the SMA50 and -86.50% below the SMA200.

The stochastic %K and %D were 6.41% and 7.12%, respectively, and the average true range (ATR) was 0.0121. With the 14-day stochastic at 6.93% and the average true range at 0.0116, the RSI (14) stands at 21.54%. The stock has reached -0.0176 on the 9-day MACD Oscillator while the 14-day reading was at -0.0279.

Analyst Ratings

The consensus rating for Color Star Technology Co. Ltd. (CSCW) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CSCW, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $120.00 and $120.00, with a median target of $120.00. Taking a look at these predictions, the average price target given by analysts for Color Star Technology Co. Ltd. (CSCW) stock is $120.00.

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