In the past week, ADD stock has gone down by -18.44%, with a monthly gain of 241.05% and a quarterly surge of 164.35%. The volatility ratio for the week is 31.47%, and the volatility levels for the last 30 days are 27.55% for Color Star Technology Co Ltd The simple moving average for the last 20 days is 61.76% for ADD’s stock, with a simple moving average of 137.38% for the last 200 days.
Is It Worth Investing in Color Star Technology Co Ltd (NASDAQ: ADD) Right Now?
Moreover, the 36-month beta value for ADD is 1.96. 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.”
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The public float for ADD is 44.15M and currently, short sellers hold a 2.82% of that float. On August 19, 2024, ADD’s average trading volume was 1.71M shares.
ADD) stock’s latest price update
Color Star Technology Co Ltd (NASDAQ: ADD) has experienced a decline in its stock price by -3.09 compared to its previous closing price of 0.69. However, the company has seen a fall of -18.44% in its stock price over the last five trading days. 247wallst.com reported 2024-08-08 that Premarket trading is some of my favorite trading to watch.
ADD Trading at 129.26% 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 -64.04% of loss for the given period.
Volatility was left at 27.55%, however, over the last 30 days, the volatility rate increased by 31.47%, as shares surge +235.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +216.49% upper at present.
During the last 5 trading sessions, ADD fell by -18.29%, which changed the moving average for the period of 200-days by +223.98% in comparison to the 20-day moving average, which settled at $0.4369. In addition, Color Star Technology Co Ltd saw 80.76% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ADD
Current profitability levels for the company are sitting at:
- -35.5 for the present operating margin
- -2.71 for the gross margin
The net margin for Color Star Technology Co Ltd stands at -44.13. The total capital return value is set at -1.68. Equity return is now at value -143.06, with -120.19 for asset returns.
Based on Color Star Technology Co Ltd (ADD), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -2.13. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -520.82.
Currently, EBITDA for the company is -22.63 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 34.04. The receivables turnover for the company is 0.71for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To wrap up, the performance of Color Star Technology Co Ltd (ADD) has been mixed 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.
