Color Star Technology Co., Ltd. (NASDAQ:CSCW) shares, dropped in value on Thursday, Jan 14, with the stock price down by -14.14% to the previous day’s close as weak demand from buyers trailed the stock to $0.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.98, falling within a range of $0.7710 and $0.8900. The value of beta (5-year monthly) is 2.44 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $2.06, and the low was $0.31. On the whole, CSCW has fluctuated by 85.26% over the past month.
We see that CSCW’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 1 recommend it as a Buy and no body called the CSCW stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CSCW currently trading nearly 29.56% and 46.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.01, while the 7-day volatility ratio is showing 14.9% which for the 30-day chart, stands at 13.26%. Furthermore, Color Star Technology Co., Ltd. (CSCW)’s beta value is 2.44, and its average true range (ATR) is 0.09. The company’s stock has been forecasted to trade at an average price of $120 over the course of the next 52 weeks, with a low of $120 and a high of $120. Based on these price targets, the low is 14185.71 off current price, whereas the price has to move +14185.71% to reach the yearly target high. Additionally, analysts’ median price of $120 is likely to be welcomed by investors because it represents an increase of +14185.71% from the current levels.
A comparison of Color Star Technology Co., Ltd. (CSCW) with its peers suggests the former has fared considerably weaker in the market. CSCW showed an intraday change of -14.14% in today’s session so far, and over the past year, it dropped by -36.36%. In comparison, Spotify Technology S.A. (SPOT) has moved lower at -1.37% today and is up +132.3% over the past 12 months. On the other hand, the price of Docusign Inc (DOCU) has fallen -1.45% today. The stock, however, is off 251.44% from where it was a year ago. Additionally, there is a decline of -1414% for Thomson Reuters Corp (TRI) in recent trading while the stock has seen an overall depriciation of -36.36% over the past year. The PE ratio stands at 0 for Color Star Technology Co., Ltd., compared to 0 for Spotify Technology S.A., and 0 for Docusign Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for Color Star Technology Co., Ltd. (NASDAQ:CSCW) indicates that the trading volumes over the past 10 days have averaged 8.73 Million and over the past 3 months, they’ve averaged 1.69 Million. According to company’s latest data on outstanding shares, there are 54.86 Million shares outstanding.
Nearly 23.76% of Color Star Technology Co., Ltd.’s shares belong to company insiders and institutional investors own 0.59% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.34 Million shares as on December 30, 2020, resulting in a short ratio of 0.19. According to the data, the short interest in Color Star Technology Co., Ltd. (CSCW) stood at 2.44% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.08 Million. The stock has risen by +39.2% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSCW stock heading into the next quarter.
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