The stock of Color Star Technology Co. Ltd. (NASDAQ:ADD) decreased by -$0.14 on Wednesday to $1.46, down -8.75 percent. The last five days have seen an average of 213,054 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $0.5694. The average number of shares traded over the last 20 days was 93,694, while the average volume over the last 50 days totaled 48,303.
ADD stock appreciated 15.14% since last month. On 09/07/23, the company’s shares reached a one-month low of $1.0100. The stock touched a high of $3.12 on 03/16/23, after rallying from a low of $0.65 in 52 weeks. The price of ADD stock has risen by 60.33% or $0.5694 this year, reaching a new high 30 times. Still, the stock price is down -53.15% from the 52-week high.
Valuation Metrics
Beta for the stock is 2.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.81, the price-to-book (PB) ratio of 0.01.
Financial Health
For the recent quarter, Color Star Technology Co. Ltd.’s current ratio was 5.40. As far as profitability goes, gross margin for the trailing twelve months is 16.50% percent. Based on annual data, it had gross profit of $7.97 million and revenue of $16.52 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ADD’s return on assets (ROA) during the last 12 months has been -125.40%. In the meantime, the return on equity (ROE) for the last 12 months was -132.80%.
Earnings Surprise
Net income for the quarter came in at $16.52 million, while revenues rose by 100.0% to $0.0. At the end of Color Star Technology Co. Ltd.’s most recent quarter, its liabilities totaled 4.62 million, while its total debt was $0.68 million.
Technical Picture
Here’s a quick look at Color Star Technology Co. Ltd.’s (ADD) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 64.17%, suggesting the stock is Neutral, with a 87.34% historical volatility rate.
The stochastic %K and %D were 63.14% and 75.88% respectively, while the average true range (ATR) was 0.1579. Based on the 14-day stochastic reading of 55.29%, the RSI (14) reading is 62.48%. On the 9-day MACD Oscillator, the stock is at 0.1814, and the 14-day reading is at 0.2621.
Analyst Ratings
Analysts have assigned Color Star Technology Co. Ltd. (ADD) an Buy rating. ADD is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is ADD’s price target for the next 12 months?
The current consensus forecast for the stock is between $4800.00 and $4800.00, with a median target price of $4800.00. In analyzing these forecasts, the average price target given by analysts for Color Star Technology Co. Ltd. (ADD) is $4800.00.
