The 36-month beta value for ADD is at 2.07. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ADD is 0.58M, and currently, shorts hold a 10.53% of that float. The average trading volume for ADD on December 19, 2024 was 196.31K shares.
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ADD) stock’s latest price update
Color Star Technology Co Ltd (NASDAQ: ADD) has experienced a decline in its stock price by -16.13 compared to its previous closing price of 2.79. However, the company has seen a fall of -22.77% in its stock price over the last five trading days. globenewswire.com reported 2024-12-05 that NEW YORK, Dec. 05, 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’s Market Performance
Color Star Technology Co Ltd (ADD) has experienced a -22.77% fall in stock performance for the past week, with a -57.76% drop in the past month, and a -98.62% drop in the past quarter. The volatility ratio for the week is 13.08%, and the volatility levels for the past 30 days are at 18.30% for ADD. The simple moving average for the past 20 days is -38.24% for ADD’s stock, with a -93.15% simple moving average for the past 200 days.
ADD Trading at -78.17% 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 -98.74% of loss for the given period.
Volatility was left at 18.30%, however, over the last 30 days, the volatility rate increased by 13.08%, as shares sank -56.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -89.13% lower at present.
During the last 5 trading sessions, ADD fell by -22.77%, which changed the moving average for the period of 200-days by -90.64% in comparison to the 20-day moving average, which settled at $3.79. In addition, Color Star Technology Co Ltd saw -93.68% 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 -1.59. Equity return is now at value -124.25, with -93.22 for asset returns.
Based on Color Star Technology Co Ltd (ADD), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -3.71. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -408.01.
Currently, EBITDA for the company is -22.51 million with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 0.66for 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 1.16.
Conclusion
In conclusion, Color Star Technology Co Ltd (ADD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
