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

Color Star Technology Co Ltd is an entertainment technology and education company providing online and offline music education. 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 April 19, 2024, ADD stock price climbed to $0.24 with 365,931 million shares trading.

ADD has a beta of 2.79, meaning it tends to be more sensitive to market movements. ADD has a correlation of 0.07 to the broad based SPY ETF.

ADD has a market cap of $5.40 million. This is considered a Sub-Micro Cap stock.

ADD has underperformed the market in the last year with a return of -86.9%, while the SPY ETF gained +21.2%. In the last 3 month period, ADD fell short of the market, returning -28.8%, while SPY returned +4.3%. However, in the most recent 2 weeks ADD has outperformed the stock market by returning +13.6%, while SPY returned -3.5%.

ADD support price is $.21 and resistance is $.24 (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 stock will trade within this expected range on the day.