Color Star Technology Co Ltd (NASDAQ: ADD): To Buy Or Not To Buy, That Is The Question

Color Star Technology Co Ltd (ADD) concluded trading on Wednesday at a closing price of $0.85, with 4.4 million shares of worth about $3.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 177.27% during that period and on August 21, 2024 the price saw a gain of about 10.40%. Currently the company’s common shares owned by public are about 51.21M shares, out of which, 44.15M shares are available for trading.

Stock saw a price change of 21.17% in past 5 days and over the past one month there was a price change of 327.19%. Year-to-date (YTD), ADD shares are showing a performance of 129.76% which decreased to -32.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.17 but also hit the highest price of $1.86 during that period. The average intraday trading volume for Color Star Technology Co Ltd shares is 1.76 million. The stock is currently trading 81.35% above its 20-day simple moving average (SMA20), while that difference is up 171.22% for SMA50 and it goes to 196.01% higher than SMA200.

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Color Star Technology Co Ltd (NASDAQ: ADD) currently have 51.21M outstanding shares and institutions hold larger chunk of about 1.20% of that.

The stock has a current market capitalization of $43.53M and its 3Y-monthly beta is at 2.03. It has posted earnings per share of -$2.45 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.06. 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 19.77% while standing at 28.92% over the month.

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.

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