Analysts Update Their Price Forecasts For Color Star Technology Co Ltd (ADD)

After grabbing 46894.0 shares, the institutional investor is now in possession of 46894.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 0.49% having worth around $9707.0. Moreover, Qube Research & Technologies Ltd. increased its share by 60.0 to have a control over 60.0 shares.

Color Star Technology Co Ltd (ADD) concluded trading on 11/22/23 at a closing price of $0.30, with 0.48 million shares of worth about $0.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -75.25% during that period and on Wednesday the price saw a gain of about 11.85%. Currently the company’s common shares owned by public are about 14.99M shares, out of which, 6.27M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the ADD stock and their offered price forecasts bring an average price target of $4800.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4800.00 and could fall to a lowest price of $4800.00. However, touching the estimated high of $4800.00 would mean a gain of 99.99% for the stock.

The company recently came buying 0.0 shares which brought its stake up to 0.01% of the company’s outstanding shares.

However, the stock later moved at a day high price of 0.3500, or with a gain of 11.85%. Stock saw a price change of 23.22% in past 5 days and over the past one month there was a price change of 16.02%. Year-to-date (YTD), ADD shares are showing a performance of -66.84% which decreased to -61.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.18 but also hit the highest price of $2.78 during that period. The average intraday trading volume for Color Star Technology Co Ltd shares is 287.85K. The stock is currently trading 26.23% above its 20-day simple moving average (SMA20), while that difference is down -53.35% for SMA50 and it goes to -76.54% lower than SMA200.

UBS Securities LLC acquired 46894.0 shares of Color Star Technology Co Ltd having value of about $9707.0. Color Star Technology Co Ltd (NASDAQ: ADD) currently have 14.99M outstanding shares and institutions hold larger chunk of about 5.82% of that. Holding of mutual funds in the company is about 0.01% while other institutional holders and individual stake holders have control over 0.69% and — of the stake respectively.

The stock has a current market capitalization of $2.89M and its 3Y-monthly beta is at 2.28. It has posted earnings per share of -$82.69 in the same period. It has Quick Ratio of 3.01 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADD, volatility over the week remained 29.85% while standing at 25.59% over the month.

Analysts are in expectations that Color Star Technology Co Ltd (ADD) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 47.20% made by the stock over the past 5-years.

Analysts at 1 brokerage firms have issued recommendations for the Color Star Technology Co Ltd (ADD)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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