Color Star Technology Co. Ltd. [CSCW] Revenue clocked in at $6.78 million, down -73.75% YTD: What’s Next?


Color Star Technology Co. Ltd. [NASDAQ: CSCW] gained 9.37% or 0.01 points to close at $0.13 with a heavy trading volume of 15275782 shares. The company report on June 30, 2022 that Color Star’s Partner Team Villarreal CF Organizes Youth Training Camps in the United States.

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Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announces today that their partner team from La Liga, Villarreal CF, recently held a youth soccer training camp in New York, United States. The team’s manager, Unai Emery, represented the team in person to coach and be interviewed by the media.

Villarreal CF has been a formidable team on the football pitch in recent years, especially during this year’s UEFA Champions League tournament. Villarreal broke into the semi-finals with a superb show of skill, and the world as well as its fans have given the “Yellow Submarine” high opinion and praise.

It opened the trading session at $0.1205, the shares rose to $0.1362 and dropped to $0.1205, the range by which the price of stock traded the whole day. The daily chart for CSCW points out that the company has recorded -72.68% loss over the past six months. However, it is still -18.18% lower than its most recent low trading price.

If we look at the average trading volume of 12.23M shares, CSCW reached to a volume of 15275782 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Color Star Technology Co. Ltd. [CSCW]:

The Average True Range (ATR) for Color Star Technology Co. Ltd. is set at 0.02, with the Price to Sales ratio for CSCW stock in the period of the last 12 months amounting to 2.84. The Price to Book ratio for the last quarter was 0.19.

Trading performance analysis for CSCW stock

Color Star Technology Co. Ltd. [CSCW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.45. With this latest performance, CSCW shares gained by 1.38% in over the last four-week period, additionally sinking by -72.68% over the last 6 months – not to mention a drop of -87.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSCW stock in for the last two-week period is set at 50.80, with the RSI for the last a single of trading hit 54.84, and the three-weeks RSI is set at 47.90 for Color Star Technology Co. Ltd. [CSCW]. The present Moving Average for the last 50 days of trading for this stock 0.1327, while it was recorded at 0.1233 for the last single week of trading, and 0.3606 for the last 200 days.

Color Star Technology Co. Ltd. [CSCW]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSCW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Color Star Technology Co. Ltd. go to 20.00%.

An analysis of insider ownership at Color Star Technology Co. Ltd. [CSCW]

There are presently around $0 million, or 0.36% of CSCW stock, in the hands of institutional investors. The top three institutional holders of CSCW stocks are: BLACKROCK INC. with ownership of 372,347, which is approximately -0.227% of the company’s market cap and around 17.83% of the total institutional ownership; UBS GROUP AG, holding 171,029 shares of the stock with an approximate value of $23000.0 in CSCW stocks shares; and HRT FINANCIAL LP, currently with $22000.0 in CSCW stock with ownership of nearly New of the company’s market capitalization.

Positions in Color Star Technology Co. Ltd. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 6 institutional holders increased their position in Color Star Technology Co. Ltd. [NASDAQ:CSCW] by around 456,490 shares. Additionally, 4 investors decreased positions by around 192,463 shares, while 3 investors held positions by with 331,425 shares. The mentioned changes placed institutional holdings at 980,378 shares, according to the latest SEC report filing. CSCW stock had 5 new institutional investments in for a total of 361,338 shares, while 3 institutional investors sold positions of 191,614 shares during the same period.