The stock of Color Star Technology Co Ltd (ADD) has seen a -32.05% decrease in the past week, with a -85.00% drop in the past month, and a -16.40% decrease in the past quarter. The volatility ratio for the week is 17.41%, and the volatility levels for the past 30 days are at 30.43% for ADD. The simple moving average for the past 20 days is -80.98% for ADD’s stock, with a -53.82% simple moving average for the past 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 2.17. 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 53.14M and currently, short sellers hold a 3.87% of that float. On October 14, 2024, ADD’s average trading volume was 3.03M shares.
ADD) stock’s latest price update
Color Star Technology Co Ltd (NASDAQ: ADD)’s stock price has gone decline by -6.06 in comparison to its previous close of 0.19, however, the company has experienced a -32.05% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-10-01 that NEW YORK, Oct. 01, 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, announced today that it received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company’s ordinary shares to maintain a minimum bid price of $1.00 per share.
ADD Trading at -77.47% 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 -90.19% of loss for the given period.
Volatility was left at 30.43%, however, over the last 30 days, the volatility rate increased by 17.41%, as shares sank -87.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.45% lower at present.
During the last 5 trading sessions, ADD fell by -32.05%, which changed the moving average for the period of 200-days by -53.45% in comparison to the 20-day moving average, which settled at $0.9544. In addition, Color Star Technology Co Ltd saw -50.95% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ADD
Current profitability levels for the company are sitting at:
- -27.81 for the present operating margin
- -2.71 for the gross margin
The net margin for Color Star Technology Co Ltd stands at -32.02. The total capital return value is set at -1.32. 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 -1.74. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -408.01.
Currently, EBITDA for the company is -22.63 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 11.01. 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 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.
