The stock of Color Star Technology Co Ltd (NASDAQ: ADD) has decreased by -9.64 when compared to last closing price of 1.66. Despite this, the company has experienced a -18.03% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-24 that NEW YORK, Dec. 24, 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 His Highness Shaikh Humaid Abdulla Rashed Ahmed Almualla, a prominent member of the United Arab Emirates royal family, has officially joined the company as an independent director of the Company’s board of directors. This appointment not only introduces strong leadership to Color Star but also strengthens the company’s ties with the Middle East, particularly the UAE.
Is It Worth Investing in Color Star Technology Co Ltd (NASDAQ: ADD) Right Now?
Additionally, the 36-month beta value for ADD is 2.07. 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 0.58M and currently, short sellers hold a 44.47% ratio of that float. The average trading volume of ADD on January 22, 2025 was 1.54M shares.
ADD’s Market Performance
ADD stock saw a decrease of -18.03% in the past week, with a monthly decline of -46.24% and a quarterly a decrease of -91.71%. The volatility ratio for the week is 14.19%, and the volatility levels for the last 30 days are 22.10% for Color Star Technology Co Ltd (ADD). The simple moving average for the past 20 days is -26.33% for ADD’s stock, with a -95.31% simple moving average for the past 200 days.
ADD Trading at -66.25% 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 -99.19% of loss for the given period.
Volatility was left at 22.10%, however, over the last 30 days, the volatility rate increased by 14.19%, as shares sank -35.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -90.79% lower at present.
During the last 5 trading sessions, ADD fell by -18.03%, which changed the moving average for the period of 200-days by -92.68% in comparison to the 20-day moving average, which settled at $2.0360. In addition, Color Star Technology Co Ltd saw -36.71% 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:
- -20.12 for the present operating margin
- 0.25 for the gross margin
The net margin for Color Star Technology Co Ltd stands at -19.92. The total capital return value is set at -1.15. 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 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -2.33. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -295.21.
Currently, EBITDA for the company is -22.51 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 1.85. 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 seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
