Color Star Technology Co Ltd (NASDAQ:ADD) price on current trading day, rose 45.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.94.
A look at the stock’s price movement, the close in the last trading session was $0.65, moving within a range at $0.6046 and $0.9453. The beta value (5-Year monthly) was 2.101. Turning to its 52-week performance, $1.86 and $0.17 were the 52-week high and 52-week low respectively. Overall, ADD moved 15.24% over the past month.
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Color Star Technology Co Ltd’s market cap currently stands at around $51.12 million, with investors looking forward to this quarter’s earnings report slated for in October.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ADD is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
ADD’s current price about 32.06% and 109.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.92, while 7-day volatility ratio is 31.19% and 28.96% in the 30-day chart. Further, Color Star Technology Co Ltd (ADD) has a beta value of 2.07, and an average true range (ATR) of 0.16.
If we refocus on Color Star Technology Co Ltd (NASDAQ:ADD), historical trading data shows that trading volumes averaged 2.62 over the past 10 days and 2.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 54.09 million shares.
The 7.15% of Color Star Technology Co Ltd’s shares are in the hands of company insiders while institutional holders own 1.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.2 million on 2024-08-15, giving us a short ratio of 0.81. The data shows that as of 2024-08-15 short interest in Color Star Technology Co Ltd (ADD) stood at 419.00000000000006 of shares outstanding, with shares short rising to 0.73 million registered in 2024-07-15. Current price change has pushed the stock 155.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ADD stock continues to rise going into the next quarter.
