Weak Fundamental Momentum Drags Color Star Technology Co Ltd (ADD) Lower

Color Star Technology Co Ltd (NASDAQ:ADD) has a beta value of 2.17 and has seen 3.08 million shares traded in the last trading session. The company, currently valued at $10.35M, closed the last trade at $0.18 per share which meant it lost -$0.01 on the day or -6.06% during that session. The ADD stock price is -927.78% off its 52-week high price of $1.85 and 5.56% above the 52-week low of $0.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.05 million shares traded. The 3-month trading volume is 3.03 million shares.

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

Sporting -6.06% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ADD stock price touched $0.18 or saw a rise of 33.09%. Year-to-date, Color Star Technology Co Ltd shares have moved -50.95%, while the 5-day performance has seen it change -32.05%. Over the past 30 days, the shares of Color Star Technology Co Ltd (NASDAQ:ADD) have changed -85.00%. Short interest in the company has seen 2.06 million shares shorted with days to cover at 1.03.

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Color Star Technology Co Ltd (ADD) estimates and forecasts

The company’s shares have lost -17.12% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 47.20% over the past 5 years.

ADD Dividends

Color Star Technology Co Ltd is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 5.10% of the company shares, while shares held by institutions stand at 1.17% with a share float percentage of 1.23%. Investors are also buoyed by the number of investors in a company, with Color Star Technology Co Ltd having a total of 11.0 institutions that hold shares in the company.