Color Star Technology Co., Ltd. (NASDAQ:HHT) traded at $0.93 at last check on Tuesday, Jun 30, making an upward move of 25.44% on its previous day’s price.
Looking at the stock we see that its previous close was $0.7397 and the beta (5Y monthly) reads 1.79 with the day’s price range being $0.7200 – 0.9389. In terms of its 52-week price range, HHT has a high of $4.45 and a low of $0.31. The company’s stock has gained about 78.24% over that past 30 days.
On the other hand, looking at the outlook for the HHT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Color Star Technology Co., Ltd. (HHT) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the HHT stock currently stands at 0, and the current price level is 40.15% off its SMA20 and 70.52% from its 50-day simple moving average. The RSI (14) is pointing at 64.62 while the volatility over the past week is 20.71% and jumps to 25.53% over the past one month. The beta value is 1.83, while the average true range (ATR) is currently pointing at 0.15. The average price target for the stock over the next 12 months is $120, with the estimates having a low of $120 and a high of $120. These price ends are 12803.23% and +12803.23% off the current price level respectively, although investors could be excited at the prospect of a +12803.23% if the HHT share price touches on the median price of $120.
Let’s briefly compare Color (HHT) stock to its peers. We find that today’s price change of +25.44% and -79.4% over the past 12 months for HHT competes that of Vulcan Materials Company (VMC), which has seen its stock price fall -0.68% in the latest trading session and is -15.51% over the last one year. Another of its peers Martin Marietta Materials (MLM) has dropped -0.66% today, but is -10.26% down over the past year, while Cemex S.A.B. DE C.V. (CX) is also up 25.44% yet its price remains in the red at -79.4% over the same period. Vulcan has a P/E ratio of 25.03 compared to Color’s 0 and Martin’s 21.78. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Color Star Technology Co., Ltd. (NASDAQ:HHT), we note that the average 3-month trading volume was 2.61 Million, while that of the preceding 10-day period stands at 4.08 Million. Current shares outstanding are 20.57 Million.
According to data from Thomson Reuters, insiders hold 57.75% of the company’s shares while institutions hold 0.31%. The data shows that short shares as of June 14, 2020, stood at 1.82 Million at a short ratio of 0.42. This represents a 8.84% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 452.93 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -48.93% down in year-to-date price movement.