How have the shares performed?
Color Star Technology Co. Ltd. (CSCW) saw an uptrend of 8.11% in the recent trading with $1.20 being its most recent. The current price level -55.06% lower than the highest price of $2.67 marked by the stock while trading over the past 52-weeks, whereas it is 233.33% higher than the lowest price of $0.36 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) Cooperates with Movie Planet LLC and Youa Group to Jointly Create Film & TV Series Using Non-Fungible Token (NFT) Blockchain and Develop NFT for Entertainment Technologies” on Jun-11-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -4.00% below one month high and is +49.98% 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 $1.1355 while that of 5-day is reading $1.0980.
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 $0.8435.
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 $2.33 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 44.84 million. CSCW does have institutional investors; and they hold 0.80% 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 Mar 30, 2021, HRT Financial LLC was the top most holder in Color Star Technology Co. Ltd. (NASDAQ:CSCW) with an ownership of 0.24 million shares of the company or 0.44% of the stake worth $0.43 million. The filing also reveals Virtu Financial LLC as the second largest holder in the company with a control over 0.24% of the outstanding shares. Its stake is worth $0.24 million for having 0.13 million shares in hand.
Marshall Wace North America L.P. also came holding a key position in the company during the recent quarter and it now holds 0.21% of the outstanding shares. With this there are now 11 institutions which have possession in CSCW’s shares.
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 -174.10%, compared to the industry average of 0.72% 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 2,937,550 shares. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 5,439,100 shares. And to end, CSCW’s 100-day average volume is 13,822,938 shares with 100% of the long-term indicators pointing towards Buy for the stock.