Analyzing Color Star Technology Co Ltd (NASDAQ: ADD) Stock’s Performance and Trends for Investment

In the latest trading session, 2.13 million Color Star Technology Co Ltd (NASDAQ:ADD) shares changed hands as the company’s beta touched 2.21. With the company’s most recent per share price at $0.29 changing hands around $0.05 or 21.51% at last look, the market valuation stands at $2.78M. ADD’s current price is a discount, trading about -858.62% off its 52-week high of $2.78. The share price had its 52-week low at $0.18, which suggests the last value was 37.93% up since then. When we look at Color Star Technology Co Ltd’s average trading volume, we note the 10-day average is 0.29 million shares, with the 3-month average coming to 248.62K.

Analysts gave the Color Star Technology Co Ltd (ADD) stock a consensus recommendation rating of a Buy. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ADD as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Color Star Technology Co Ltd’s EPS for the current quarter is expected to be $0.

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Color Star Technology Co Ltd (NASDAQ:ADD) trade information

Instantly ADD is in green as seen in intraday trades today. With action 22.02%, the performance over the past five days has been green. The jump to weekly highs of 0.4400 on Monday, 11/20/23 added 21.51% to the stock’s daily price. The company’s shares are showing year-to-date downside of -68.11%, with the 5-day performance at 22.02% in the green. However, in the 30-day time frame, Color Star Technology Co Ltd (NASDAQ:ADD) is 1.54% up. Looking at the short shares, we see there were 76890.0 shares sold at short interest cover period of 0.3 days.

The consensus price target for the stock as assigned by Wall Street analysts is $4800.00, meaning bulls need an upside of 99.99% from its recent market value. According to analyst projections, ADD’s forecast low is $4800.00 with $4800.00 as the target high. To hit the forecast high, the stock’s price needs a -1655072.41% plunge from its current level, while the stock would need to soar -1655072.41% for it to hit the projected low.

Color Star Technology Co Ltd (NASDAQ:ADD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 6.45% of Color Star Technology Co Ltd shares while 0.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.82%. There are 0.77% institutions holding the Color Star Technology Co Ltd stock share, with UBS Group AG the top institutional holder. As of Sep 29, 2023, the company held 0.29% of the shares, roughly 46894.0 ADD shares worth $12567.0.

Goldman Sachs Group Inc holds the second largest percentage of outstanding shares, with 0.12% or 20037.0 shares worth $5369.0 as of Sep 29, 2023.

With 1380.0 shares estimated at $369.0 under it, the former controlled 0.01% of total outstanding shares.

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