Color Star Technology Co Ltd (NASDAQ: ADD) has experienced a rise in its stock price by 7.21 compared to its previous closing price of 0.22. However, the company has seen a gain of 10.75% in its stock price over the last five trading days.
Is It Worth Investing in Color Star Technology Co Ltd (NASDAQ: ADD) Right Now?
Moreover, the 36-month beta value for ADD is 2.21. Analysts have varying opinions on the stock, 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 currently, short sellers hold a 3.15% of that float. On April 16, 2024, ADD’s average trading volume was 215.36K shares.
ADD’s Market Performance
ADD stock saw a decrease of 10.75% in the past week, with a monthly decline of -7.01% and a quarterly a decrease of -28.41%. The volatility ratio for the week is 10.19%, and the volatility levels for the last 30 days are 12.71% for Color Star Technology Co Ltd (ADD). The simple moving average for the past 20 days is 3.14% for ADD’s stock, with a -63.09% simple moving average for the past 200 days.
ADD Trading at -9.27% 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 -89.01% of loss for the given period.
Volatility was left at 12.71%, however, over the last 30 days, the volatility rate increased by 10.19%, as shares sank -12.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.11% lower at present.
During the last 5 trading sessions, ADD rose by +10.75%, which changed the moving average for the period of 200-days by -80.43% in comparison to the 20-day moving average, which settled at $0.2259. In addition, Color Star Technology Co Ltd saw -36.54% 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 wrap up, the performance of Color Star Technology Co Ltd (ADD) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
