The 36-month beta value for ADD is also noteworthy at 2.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ADD is 53.02M, and at present, short sellers hold a 2.89% of that float. The average trading volume of ADD on September 25, 2024 was 2.27M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ADD) stock’s latest price update
Color Star Technology Co Ltd (NASDAQ: ADD) has experienced a decline in its stock price by -7.79 compared to its previous closing price of 1.54. However, the company has seen a fall of -9.55% in its stock price over the last five trading days. globenewswire.com reported 2024-09-09 that NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) — Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announces today that it has signed a non-binding framework strategic cooperation agreement with Zero2one Consultancy Ltd. (“Zero2one”), an investment company in the United Kingdom. This agreement creates a framework of planned operations and marks the commencement of the cooperation between the two parties in jointly promoting the innovative development of education, culture and sports undertakings in the United Kingdom.
ADD’s Market Performance
Color Star Technology Co Ltd (ADD) has experienced a -9.55% fall in stock performance for the past week, with a 63.95% rise in the past month, and a 545.75% rise in the past quarter. The volatility ratio for the week is 21.10%, and the volatility levels for the past 30 days are at 29.70% for ADD. The simple moving average for the past 20 days is 41.68% for ADD’s stock, with a 283.37% simple moving average for the past 200 days.
ADD Trading at 111.62% 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 -23.24% of loss for the given period.
Volatility was left at 29.70%, however, over the last 30 days, the volatility rate increased by 21.10%, as shares surge +58.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +554.08% upper at present.
During the last 5 trading sessions, ADD fell by -9.55%, which changed the moving average for the period of 200-days by +356.15% in comparison to the 20-day moving average, which settled at $1.0284. In addition, Color Star Technology Co Ltd saw 283.78% 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 72.33. 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
In summary, Color Star Technology Co Ltd (ADD) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
