Color Star Technology Co Ltd (NASDAQ: ADD) has experienced a decline in its stock price by -7.32 compared to its previous closing price of 0.22. However, the company has seen a fall of -2.38% in its stock price over the last five trading days.
Is It Worth Investing in Color Star Technology Co Ltd (NASDAQ: ADD) Right Now?
The stock has a 36-month beta value of 2.22. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ADD is 6.87M, and at present, short sellers hold a 4.31% of that float. On April 04, 2024, the average trading volume of ADD was 218.41K shares.
ADD’s Market Performance
The stock of Color Star Technology Co Ltd (ADD) has seen a -2.38% decrease in the past week, with a -21.15% drop in the past month, and a -41.60% fall in the past quarter. The volatility ratio for the week is 11.31%, and the volatility levels for the past 30 days are at 13.38% for ADD. The simple moving average for the past 20 days is -13.42% for ADD’s stock, with a -69.76% simple moving average for the past 200 days.
ADD Trading at -27.04% from the 50-Day Moving Average
After a stumble in the market that brought ADD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.40% of loss for the given period.
Volatility was left at 13.38%, however, over the last 30 days, the volatility rate increased by 11.31%, as shares sank -18.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.96% lower at present.
During the last 5 trading sessions, ADD fell by -2.38%, which changed the moving average for the period of 200-days by -83.53% in comparison to the 20-day moving average, which settled at $0.2345. In addition, Color Star Technology Co Ltd saw -44.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ADD
The total capital return value is set at -1.15. Equity return is now at value -103.47, with -90.65 for asset returns.
Currently, EBITDA for the company is -22.63 million with net debt to EBITDA at 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.
Conclusion
To sum up, Color Star Technology Co Ltd (ADD) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
