In last trading session, Color Star Technology Co. Ltd. (NASDAQ:CSCW) saw 1.37 million shares changing hands with its beta currently measuring 2.58. Company’s recent per share price level of $0.48 trading at -$0.02 or -4.60% at ring of the bell on the day assigns it a market valuation of $69.25M. That closing price of CSCW’s stock is at a discount of -456.25% from its 52-week high price of $2.67 and is indicating a premium of 8.33% from its 52-week low price of $0.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.38 million shares which gives us an average trading volume of 5.60 million if we extend that period to 3-months.
For Color Star Technology Co. Ltd. (CSCW), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Color Star Technology Co. Ltd. (NASDAQ:CSCW) trade information
Upright in the red during last session for losing -4.60%, in the last five days CSCW remained trading in the red while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $0.48 price level, adding 9.26% to its value on the day. Color Star Technology Co. Ltd.’s shares saw a change of -4.62% in year-to-date performance and have moved -1.11% in past 5-day. Color Star Technology Co. Ltd. (NASDAQ:CSCW) showed a performance of -2.60% in past 30-days. Number of shares sold short was 3.22 million shares which calculate 1.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $120.00 to the stock, which implies a rise of 99.6% to its current value. Analysts have been projecting $120.00 as a low price target for the stock while placing it at a high target of $120.00. It follows that stock’s current price would drop -24900.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24900.0% for stock’s current value.
Color Star Technology Co. Ltd. (CSCW) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 54.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 68.10% while estimates for its earnings growth in next 5 years are of 20.00%.
Color Star Technology Co. Ltd. is more likely to be releasing its next quarterly report on November 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Color Star Technology Co. Ltd. (NASDAQ:CSCW)’s Major holders
Insiders are in possession of 11.90% of company’s total shares while institution are holding 6.21 percent of that, with stock having share float percentage of 7.05%. Investors also watch the number of corporate investors in a company very closely, which is 6.21% institutions for Color Star Technology Co. Ltd. that are currently holding shares of the company. Sabby Management, LLC is the top institutional holder at CSCW for having 6.18 million shares of worth $3.39 million. And as of Sep 29, 2021, it was holding 5.40% of the company’s outstanding shares.
The second largest institutional holder is Anson Funds Management LP, which was holding about 1.98 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 1.73% of outstanding shares, having a total worth of $1.08 million.
On the other hand, iShares Micro Cap ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 0.21 million shares of worth $0.14 million or 0.18% of the total outstanding shares. The later fund manager was in possession of 55164.0 shares on Oct 30, 2021, making its stake of worth around $36353.0 in the company or a holder of 0.05% of company’s stock.