Color Star Technology Co Ltd’s Market Journey: Closing Weak at 1.45, Down -5.23

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

The closing price of Color Star Technology Co Ltd (NASDAQ: ADD) was $1.45 for the day, down -5.23% from the previous closing price of $1.53. In other words, the price has decreased by -$5.23 from its previous closing price. On the day, 0.54 million shares were traded. ADD stock price reached its highest trading level at $1.54 during the session, while it also had its lowest trading level at $1.41.

Ratios:

Our analysis of ADD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADD now has a Market Capitalization of 891222 and an Enterprise Value of 90941800. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 4.10. Its current Enterprise Value per Revenue stands at 32.13 whereas that against EBITDA is -3.983.

Stock Price History:

The Beta on a monthly basis for ADD is 2.04, which has changed by -0.9532258 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, ADD has reached a high of $185.00, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is -47.93%, while the 200-Day Moving Average is calculated to be -95.35%.

Shares Statistics:

ADD traded an average of 1.72M shares per day over the past three months and 1060910 shares per day over the past ten days. A total of 0.61M shares are outstanding, with a floating share count of 0.57M. Insiders hold about 6.34% of the company’s shares, while institutions hold 1.66% stake in the company. Shares short for ADD as of 1736899200 were 314624 with a Short Ratio of 0.18, compared to 1734048000 on 151403. Therefore, it implies a Short% of Shares Outstanding of 314624 and a Short% of Float of 52.54.

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