Color Star Technology Co., Ltd. (NASDAQ:CSCW) traded at $1.11 at last check on Tuesday, May 04, made a downturn move of -4.97% on its previous day’s price.
Looking at the stock we see that its previous close was $1.17 and the beta (5Y monthly) reads 2.39 with the day’s price range being $1.0700 – 1.1600. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, CSCW has a high of $2.67 and a low of $0.31. The company’s stock has gained about -29.09% over that past 30 days.
On the other hand, looking at the outlook for the CSCW stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
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. (CSCW) stock as a Hold, while 1 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest 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 CSCW stock currently stands at 0, and the most recent price level today is -10.82% off its SMA20 and -3.39% from its 50-day simple moving average. The RSI (14) is pointing at 44.27 while the volatility over the past week is 8.58% and jumps to 13.2% over the past one month. The beta value is 2.39, while the average true range (ATR) is currently pointing at 0.21. 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 10710.81% and +10710.81% off the today’s price level respectively, although investors could be excited at the prospect of a +10710.81% if the CSCW share price touches on the median price of $120.
Let’s briefly compare Color Star Technology Co., Ltd. (CSCW) stock to its peers. We find that today’s price change of -4.97% and +142.54% over the past 12 months for CSCW competes that of Thomson Reuters Corp (TRI), which has seen its stock price rise 2.53% in the latest trading session and is +35.35% over the last one year. Another of its peers Iqvia Holdings Inc (IQV) has dropped -1.45% today, and was +71.37% up over the past year, while Rocket Companies Inc Cl A (RKT) is also down -4.97% yet, while its price remains in the green at 142.54% over the same period. Color Star Technology Co., Ltd. has a P/E ratio of 0 compared to Thomson Reuters Corp’s 40.63 and Iqvia Holdings Inc’s 111.68. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.21% and -0.62%, respectively, in early deals.
Coming back to Color Star Technology Co., Ltd. (NASDAQ:CSCW), we note that the average 3-month trading volume was 20.7 Million, while that of the preceding 10-day period stands at 70.82 Million. Current shares outstanding are 58.81 Million.
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According to data from Thomson Reuters, insiders hold 29.25% of the company’s shares while institutions hold 0.25%. The data shows that short shares as of April 14, 2021, stood at 3.69 Million at a short ratio of 0.09. This represents a 6.27% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 1.5 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +66.19% up in year-to-date price movement.