ADD Stock Summary and Trading Ideas (Color Star Technology Co. Ltd. - Class A | NASDAQ:ADD)

Color Star Technology Co Ltd is an entertainment technology company with a network that focuses on the application of technology and artificial intelligence in the entertainment industry. It provides online entertainment performances and online education through its wholly-owned subsidiaries Color Metaverse and CACM. The curriculum developed by the company includes music, sports, animation, painting and calligraphy, film and television, and life skills, covering various aspects of entertainment, sports, and culture.

Color Star Technology Co. Ltd. - Class A trades on the NASDAQ stock market under the symbol ADD.

As of December 24, 2024, ADD stock price climbed to $2.16 with 179,993 million shares trading.

ADD has a beta of 3.18, meaning it tends to be more sensitive to market movements. ADD has a correlation of 0.03 to the broad based SPY ETF.

ADD has a market cap of $1.33 million. This is considered a Sub-Micro Cap stock.

ADD has underperformed the market in the last year with a price return of -94.6% while the SPY ETF gained +28.4%. ADD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -98.6% and -38.8%, respectively, while the SPY returned +5.9% and -0.2%, respectively.

ADD support price is $1.83 and resistance is $2.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADD shares will trade within this expected range on the day.