The trading price of Color Star Technology Co. Ltd. (NASDAQ:CSCW) closed lower on Friday, August 27, closing at $0.94, -3.72% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $0.9205 and $0.9665. The company’s P/E ratio in the trailing 12-month period was 26.16, while its 5Y monthly beta was 2.45. In examining the 52-week price action we see that the stock hit a 52-week high of $2.67 and a 52-week low of $0.36. Over the past month, the stock has gained 13.40% in value.

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Color Star Technology Co. Ltd., whose market valuation is $88.36 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Color Star Technology Co. Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CSCW has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CSCW a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Color Star Technology Co. Ltd. (CSCW) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.31, which symbolizes a positive outlook. A quick review shows that CSCW’s price is currently 12.09% off the SMA20 and 1.22% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.24, and weekly volatility stands at 10.30%. When measured over the past 30 days, the indicator reaches 7.29%. Color Star Technology Co. Ltd. (NASDAQ:CSCW)’s beta value is currently sitting at 2.45, while the Average True Range indicator is currently displaying 0.07. With analysts defining $120.00-$120.00 as the low and high price targets, we arrive at a consensus price target of $120.00 for the trailing 12-month period. The current price is about -12665.96% off the estimated low and -12665.96% off the forecast high, based on this estimate. Investors will be thrilled if CSCW’s share price rises to $120.00, which is the median consensus price. At that level, CSCW’s share price would be -12665.96% below current price.

To see how Color Star Technology Co. Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: CSCW stock’s performance was -3.72% in the latest trading, and 6.19% in the past year. Color Star Technology Co. Ltd. has a P/E ratio of 26.16. Also in last trading session, the S&P 500 Index has surged 0.88%, while the Dow Jones Industrial also saw a positive session, up 0.69% on the day.

An evaluation of the daily trading volume of Color Star Technology Co. Ltd. (NASDAQ:CSCW) indicates that the 3-month average is 2.39 million. However, this figure has increased over the past 10 days to an average of 2.63 million.

Currently, records show that 44.84 million of the company’s shares remain outstanding. The insiders hold 26.30% of outstanding shares, whereas institutions hold 1.20%. The stats also highlight that short interest as of Jul 14, 2021, stood at 1.7 million shares, resulting in a short ratio of 0.56 at that time. From this, we can conclude that short interest is 1.88% of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 1.78 million. However, since the stock’s price has seen 33.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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