Last Updated: 17 Oct 2024
Executive Summary
Color Star Technology Co. Ltd. (ADD) is a construction company that specializes in special trade contracting. The company has a market capitalization of $10.43 million and trades on the NASDAQ exchange. ADD has been reporting negative earnings in recent years and has a trailing price-to-earnings (PE) ratio of 0.0024. The stock's 52-week high is $1.85 and its 52-week low is $0.164. The latest stock price is $0.18.
Company Overview
Color Star Technology Co. Ltd. is a holding company that engages in the provision of construction services. The company operates through the following segments: Construction, Real Estate Development, and Investment. The Construction segment provides construction services for commercial and residential buildings. The Real Estate Development segment develops and sells residential and commercial properties. The Investment segment invests in equity and debt securities.
Fundamental Analysis
ADD's financial performance has been weak in recent years. The company has reported negative earnings per share (EPS) in each of the past five years. In 2023, the company reported a net loss of $32.7 million, or $0.59 per share. Revenue for the year was $106.04 million.
ADD's balance sheet is also weak. The company has more debt than equity and its current ratio is below 1.0. As of June 30, 2023, the company had total assets of $104.3 million and total liabilities of $123.2 million.
Technical Analysis
ADD's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 30, indicating that the stock is oversold.
Short Term Outlook
ADD's stock price is likely to continue to trend down in the short term. The company's financial performance is weak and its stock is trading below its moving averages. Investors should avoid buying ADD stock at this time.
Long Term Outlook
ADD's long-term outlook is uncertain. The company's financial performance has been weak and its stock price has been trending down. However, the company's construction business is still profitable and the company has a number of projects in its backlog. If the company can improve its financial performance, its stock price could rebound.
Analyst Recommendations
No analysts are currently covering ADD.
