How have the shares performed?
Color Star Technology Co. Ltd. (CSCW) saw an uptrend of 22.52% in the recent trading with $0.99 being its most recent. The current price level -62.87% lower than the highest price of $2.67 marked by the stock while trading over the past 52-weeks, whereas it is 218.44% higher than the lowest price of $0.31 the company dropped to over past 52-weeks. The latest news story on CSCW appeared in PR Newswire under the title “Color Star Technology Co., Ltd. (NASDAQ: CSCW) Releases Forward-Looking Guidance for the First Half Year 2021 Financial Report” on May-10-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -24.90% below one month high and is +23.90% above of the lowest during that time. Looking into the simple moving average, Color Star Technology Co. Ltd. (CSCW)’s stock stands at a SMA-50 of $1.1667 while that of 5-day is reading $0.9086.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CSCW’s SMA-200 as of now is $0.8439.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
Color Star Technology Co. Ltd. Earnings – What Happened With CSCW
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $13.18 billion.
CSCW – Color Star Technology Co. Ltd. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 90.36 million. CSCW does have institutional investors; and they hold 0.20% of the stock.
Color Star Technology Co. Ltd. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, CSCW declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Dec 30, 2020, Geode Capital Management, LLC was the top most holder in Color Star Technology Co. Ltd. (NASDAQ:CSCW) with an ownership of 70094.0 shares of the company or 0.13% of the stake worth $49346.0. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.05% of the outstanding shares. Its stake is worth $21158.0 for having 30055.0 shares in hand.
AE Wealth Management LLC also came holding a key position in the company during the recent quarter and it now holds 0.04% of the outstanding shares. With this there are now 6 institutions which have possession in CSCW’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Color Star Technology Co. Ltd. was 5.98 while posting a debt to equity ratio of 0.00.
Color Star Technology Co. Ltd.’s return on equity, or ROE, is -393.30%, compared to the industry average of -0.43% for Communication Services – Entertainment. Although this indicates that CSCW fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Color Star Technology Co. Ltd. (NASDAQ:CSCW) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Color Star Technology Co. Ltd. (CSCW), we notice that the stock’s 20-day average volume is at 5,425,910 shares. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 20,934,814 shares. And to end, CSCW’s 100-day average volume is 15,851,644 shares with 50% of the long-term indicators pointing towards Buy for the stock.