The stock of Color Star Technology Co. Ltd. (NASDAQ:CSCW) increased by remained unchanged at $0.59, up 14.38 percent. The last five days have seen an average of 9,020,920 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.1147. The average number of shares traded over the last 20 days was 6,297,030, while the average volume over the last 50 days totaled 3,798,018.

CSCW stock dropped -32.26% since last month. On 09/29/21, the company’s shares reached a one-month low of $0.4801. The stock touched a high of $2.67 on 03/30/21, after rallying from a low of $0.45 in 52 weeks. The price of CSCW stock has declined by -16.29% or -$0.1147 this year, reaching a new high 10 times. Still, the stock price is down -77.93% from the 52-week high.


Valuation Metrics

Color Star Technology Co. Ltd. (CSCW) has a trailing price-to-earnings (P/E) ratio of 16.37. This level actually compares favorably with the industry at large, as the PE for the Entertainment industry stands at about 32.31. Further, its PE also compares favorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. Beta for the stock is 2.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 32.71, the price-to-book (PB) ratio of 1.40.

For the recent quarter, Color Star Technology Co. Ltd.’s current ratio was 9.30. As far as profitability goes, gross margin for the trailing twelve months is 16.90% percent.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CSCW’s return on assets (ROA) during the last 12 months has been -27.30%. In the meantime, the return on equity (ROE) for the last 12 months was -174.10%. ROE has averaged 4.77 in the past year for the broader industry.

Technical Picture

Here’s a quick look at Color Star Technology Co. Ltd.’s (CSCW) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 54.67%, suggesting the stock is Neutral, with a 111.43% historical volatility rate. 

The stochastic %K and %D were 72.65% and 56.55% respectively, while the average true range (ATR) was 0.0486. Based on the 14-day stochastic reading of 95.11%, the RSI (14) reading is 46.65%. On the 9-day MACD Oscillator, the stock is at 0.0201, and the 14-day reading is at 0.0275.

Analyst Ratings

Analysts have assigned Color Star Technology Co. Ltd. (CSCW) an Buy rating. CSCW is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is CSCW’s price target for the next 12 months?

The current consensus forecast for the stock is between $120.00 and $120.00, with a median target price of $120.00. In analyzing these forecasts, the average price target given by analysts for Color Star Technology Co. Ltd. (CSCW) is $120.00.

This article originally ran on fostersleader.com.