Color Star Technology Co Ltd (NASDAQ: ADD) Could Have Exceptional Returns?

In the last trading session, 1.22 million shares of the Color Star Technology Co Ltd (NASDAQ:ADD) were traded, and its beta was 2.15. Most recently the company’s share price was $0.17, and it changed around -$0.01 or -3.30% from the last close, which brings the market valuation of the company to $10.46M. ADD currently trades at a discount to its 52-week high of $1.85, offering almost -988.24% off that amount. The share price’s 52-week low was $0.16, which indicates that the current value has risen by an impressive 5.88% since then. We note from Color Star Technology Co Ltd’s average daily trading volume that its 10-day average is 1.63 million shares, with the 3-month average coming to 3.28 million.

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

Instantly ADD has showed a red trend with a performance of -3.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.2071 on recent trading dayincreased the stock’s daily price by 17.91%. The company’s shares are currently down -54.00% year-to-date, but still down -12.72% over the last five days. On the other hand, Color Star Technology Co Ltd (NASDAQ:ADD) is -84.94% down in the 30-day period. We can see from the shorts that 0.78 million shares have been sold at a short interest cover period of 0.21 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 62.76%.

ADD Dividends

Color Star Technology Co Ltd’s next quarterly earnings report is expected to be released in November.

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

Upon looking at major shareholders, it appears that insiders hold 4.47% of Color Star Technology Co Ltd shares, and 1.02% of them are in the hands of institutional investors. The stock currently has a share float of 1.07%.