Color Star Technology Co Ltd (NASDAQ:ADD) finished Friday with a subtraction of -$0.49 to close at $1.02, a downside of -32.41 percent. An average of 594,560 shares of common stock have been traded in the last five days. There was a fall of -$0.1650 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 239,845 shares traded, while the 50-day average volume stands at 110,162.
ADD stock has decreased by -9.73% in the last month. The company shares reached their 1-month lowest point of $0.9000 on 09/29/23. With the stock rallying to its 52-week high on 03/16/23, shares of the company touched a low of $0.65 and a high of $2.78 in 52 weeks. It has reached a new high 30 times so far this year and achieved 12.01% or $0.1094 in price. In spite of this, the price is down -63.28% from the 52-week high.
Valuation Metrics
Color Star Technology Co Ltd (ADD) stock’s beta is 2.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 0.23.
Financial Health
The quick ratio of Color Star Technology Co Ltd for the recent quarter was 5.36, and the current ratio was 5.36, indicating that the company is able to meet its debt obligations. 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. Its gross profit as reported stood at $7.97 million compared to revenue of $16.52 million.
Earnings Surprise
The company posted a net income of -$77.21 million in the quarter, while revenues were grew 100.0%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Color Star Technology Co Ltd (ADD) price momentum. RSI 9-day as of the close on 29 September was 36.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 228.48%.
As of today, ADD’s price is $1.2998 -13.92% or -$0.1650 from its 5-day moving average. ADD is currently trading -13.08% lower than its 20-day SMA and -23.88% lower than its 100-day SMA. However, the stock’s current price level is -20.93% below the SMA50 and +30.79% above the SMA200.
The stochastic %K and %D were 40.83% and 42.14%, respectively, and the average true range (ATR) was 0.2033. With the 14-day stochastic at 12.50% and the average true range at 0.1762, the RSI (14) stands at 39.92%. The stock has reached -0.0030 on the 9-day MACD Oscillator while the 14-day reading was at -0.0310.
Analyst Ratings
The consensus rating for Color Star Technology Co Ltd (ADD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ADD, 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 ADD’s price target for the next 12 months?
Analysts predict a range of price targets between $4800.00 and $4800.00, with a median target of $4800.00. Taking a look at these predictions, the average price target given by analysts for Color Star Technology Co Ltd (ADD) stock is $4800.00.
