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Color Star Technology Co. Ltd. (NASDAQ:CSCW) Shares Rebounded 14.29% From Their Lows – But Can They Continue?

In last trading session, Color Star Technology Co. Ltd. (NASDAQ:CSCW) saw 98.74 million shares changing hands with its beta currently measuring 2.48. Company’s recent per share price level of $0.07 trading at $0.0 or 0.91% at ring of the bell on the day assigns it a market valuation of $12.73M. That closing price of CSCW’s stock is at a discount of -1271.43% from its 52-week high price of $0.96 and is indicating a premium of 14.29% from its 52-week low price of $0.06. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 33.82 million shares which gives us an average trading volume of 12.38 million if we extend that period to 3-months.

Color Star Technology Co. Ltd. (NASDAQ:CSCW) trade information

Upright in the green during last session for gaining 0.91%, in the last five days CSCW remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $0.07 price level, adding 10.14% to its value on the day. Color Star Technology Co. Ltd.’s shares saw a change of -86.77% in year-to-date performance and have moved -43.69% in past 5-day. Color Star Technology Co. Ltd. (NASDAQ:CSCW) showed a performance of -40.99% in past 30-days. Number of shares sold short was 9.33 million shares which calculate 0.57 days to cover the short interests.

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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%.

CSCW Dividends

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 16.87% of company’s total shares while institution are holding 0.53 percent of that, with stock having share float percentage of 0.64%. Investors also watch the number of corporate investors in a company very closely, which is 0.53% institutions for Color Star Technology Co. Ltd. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CSCW for having 0.37 million shares of worth $84895.0. And as of Mar 30, 2022, it was holding 0.33% of the company’s outstanding shares.

The second largest institutional holder is UBS Group AG, which was holding about 0.17 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 0.15% of outstanding shares, having a total worth of $38994.0.

On the other hand, Fidelity NASDAQ Composite Index Fund and EQ Advisors Trust-1290 VT Micro Cap Port are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 55164.0 shares of worth $7066.0 or 0.05% of the total outstanding shares. The later fund manager was in possession of 27989.0 shares on Mar 30, 2022, making its stake of worth around $6381.0 in the company or a holder of 0.02% of company’s stock.

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