The stock has a 36-month beta value of 2.13. 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 53.02M, and at present, short sellers hold a 2.59% of that float. On September 30, 2024, the average trading volume of ADD was 2.31M shares.
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ADD) stock’s latest price update
Color Star Technology Co Ltd (NASDAQ: ADD)’s stock price has gone decline by -11.02 in comparison to its previous close of 1.27, however, the company has experienced a -33.53% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-27 that NEW YORK, Sept. 27, 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, today announced it has entered into securities purchase agreements with certain institutional investors (the “Investors”) to purchase senior secured convertible notes in the aggregate principal amount of $7.6 million (the “First Closing”), having an original issue discount of 8% and a maturity of twelve months from issuance, resulting in net proceeds to the Company of approximately $7,000,000 (the “Convertible Notes”). The Convertible Notes will bear an interest rate of 6.0% per annum and will be convertible 45 days after the date of the First Closing, subject to certain conditions, into Class A Ordinary Shares of the Company (the “Ordinary Shares”) at an initial conversion price equal to the lower of $1.60, or the Alternative Conversion Price, as set forth in the Convertible Notes. This First Closing is expected to occur on or about September 30, 2024, subject to the satisfaction of customary closing conditions.
ADD’s Market Performance
Color Star Technology Co Ltd (ADD) has seen a -33.53% fall in stock performance for the week, with a 79.34% gain in the past month and a 433.02% surge in the past quarter. The volatility ratio for the week is 17.00%, and the volatility levels for the past 30 days are at 28.23% for ADD. The simple moving average for the past 20 days is 3.83% for ADD’s stock, with a 192.47% simple moving average for the past 200 days.
ADD Trading at 52.75% 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 -38.92% of loss for the given period.
Volatility was left at 28.23%, however, over the last 30 days, the volatility rate increased by 17.00%, as shares surge +80.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +422.91% upper at present.
During the last 5 trading sessions, ADD fell by -33.53%, which changed the moving average for the period of 200-days by +289.66% in comparison to the 20-day moving average, which settled at $1.1136. In addition, Color Star Technology Co Ltd saw 205.41% 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 61.01. 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 sum up, Color Star Technology Co Ltd (ADD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
