Color Star Technology Co. Ltd. (NASDAQ: ADD) stock price decreased by -14.79% compared to its previous closing price of $2.44, while its stock performance has seen a surge in the past quarter with a 192.38% gain and a 21.58% increase in the past month. However, the stock has experienced a -15.14% fall in the last five trading sessions. ADD’s simple moving average for the last 20 days is -5.92%, while the last 200 days show a simple moving average of -22.50% for the stock. Despite the surge in the past quarter, ADD has faced a -79.78% loss for the 52-week period. The current profitability levels for the company stand at a present operating margin of -477.62 and a gross margin of +19.61. The receivables turnover for the company is 2.64 and the total asset turnover is 0.25. The liquidity ratio appears to be interesting for investors, standing at 5.55. Overall, Color Star Technology Co. Ltd. (ADD) has experienced mixed performance lately, and it’s worth noting that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
Color Star Technology Co. Ltd. (ADD) Stock: A Closer Look at the Market Potential
Color Star Technology Co. Ltd. (NASDAQ: ADD)’s latest stock update shows a -14.79% decrease compared to its previous closing price of $2.44. This decrease resulted in a -15.14% fall in stock performance over the last five trading sessions.
ADD’s Market Performance
However, ADD’s stock performance has seen a surge in the past quarter with a 192.38% gain, and a 21.58% increase in the past month. Despite this, the stock has experienced a -15.14% fall for the week.
The volatility ratio for the week is 10.14%, with 9.05% for the past 30 days. ADD’s simple moving average for the last 20 days is -5.92%, while the last 200 days show a simple moving average of -22.50% for the stock.
ADD Trading at 19.43% from the 50-Day Moving Average
Despite the surge in the past quarter, ADD has faced a -79.78% loss for the 52-week period. The volatility rate increased by 10.14% over the last 30 days, while shares surged +17.88% for the moving average over the last 20 days. In contrast, the stock is trading +93.58% higher over the last 50 days.
During the last 5 trading sessions, ADD fell by -13.88%, changing the moving average for the 200-day period by -59.39% in comparison to the 20-day moving average. The current trading price is at $2.23. In addition, Color Star Technology Co. Ltd. saw 128.32% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ADD
The current profitability levels for the company stand at a present operating margin of -477.62 and a gross margin of +19.61. The net margin for Color Star Technology Co. Ltd. is -467.39.
The total capital return value is set at -125.84, while invested capital returns managed to touch -123.14. Equity return is now at -127.00, with asset returns at -121.20.
The receivables turnover for the company is 2.64 and the total asset turnover is 0.25. The liquidity ratio appears to be interesting for investors, standing at 5.55.
Conclusion
Overall, Color Star Technology Co. Ltd. (ADD) has experienced mixed performance lately. The stock has received mixed “buy” and “hold” ratings from analysts. It’s worth noting that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
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