Color Star Technology Co. Ltd. (NASDAQ: CSCW) is 96.02% higher on its value in year-to-date trading and has touched a low of $0.31 and a high of $2.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSCW stock was last observed hovering at around $1.61 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $120.00 for the next 12 months. It is also 98.85% off the consensus price target high of $120.00 offered by 1 analysts, but current levels are 98.85% higher than the price target low of $120.00 for the same period.
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Currently trading at $1.38, the stock is 11.68% and 30.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.25 million and changing -14.29% at the moment leaves the stock 64.95% off its SMA200. CSCW registered 245.09% gain for a year compared to 6-month gain of 173.43%. The firm has a 50-day simple moving average (SMA 50) of $1.0761 and a 200-day simple moving average (SMA200) of $0.7373.
The stock witnessed a 79.22% loss in the last 1 month and extending the period to 3 months gives it a 123.59%, and is -24.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.37% over the week and 17.00% over the month.
Distance from 52-week low is 343.30% and -48.31% from its 52-week high.
Color Star Technology Co. Ltd. (CSCW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Color Star Technology Co. Ltd. (CSCW) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Color Star Technology Co. Ltd. is expected to release its quarterly report on 10/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 61.00% this year.
Color Star Technology Co. Ltd. (CSCW) Top Institutional Holders
5 institutions hold shares in Color Star Technology Co. Ltd. (CSCW), with 12M shares held by insiders accounting for 22.17% while institutional investors hold 0.27% of the company’s shares. The shares outstanding are 58.81M, and float is at 41.57M with Short Float at 3.60%. Institutions hold 0.21% of the Float.
The top institutional shareholder in the company is Geode Capital Management, LLC with over 70094.0 shares valued at $49346.0. The investor’s holdings represent 0.13% of the CSCW Shares outstanding. As of Dec 30, 2020, the second largest holder is Citadel Advisors LLC with 30055.0 shares valued at $21158.0 to account for 0.05% of the shares outstanding. The other top investors are Two Sigma Securities, LLC which holds 14527.0 shares representing 0.03% and valued at over $10227.0, while Commonwealth Equity Services, LLC holds 0.02% of the shares totaling 10000.0 with a market value of $7040.0.
Color Star Technology Co. Ltd. (CSCW) Insider Activity
A total of 0 insider transactions have happened at Color Star Technology Co. Ltd. (CSCW) in the last six months, with sales accounting for 0 and purchases happening 0 times.