Color Star Technology Co., Ltd. (NASDAQ:HHT) spotted trading -90.09% off 52-week high price. On the other end, the stock has been noted 23.29% away from the low price over the last 52-weeks. The stock changed -13.53% to recent value of $0.44. The stock transacted 6125656 shares during most recent day however it has an average volume of 501.75K shares. The company has 16.27M of outstanding shares and 5.48M shares were floated in the market.
On May 11, 2020, Color Star Technology Co., Ltd. (NASDAQ CM:HHT) a company engaged in the businesses of education services, released it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $1.43 million worth of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement.
Under the terms of the securities purchase agreement, the Company has agreed to sell 2.6 million ordinary shares. In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to 2.6 million ordinary shares. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $0.55. The warrants will expire 5.5 years from the date of issuance. The purchase price for one ordinary share and a corresponding warrant will be $0.55. The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $1.43 million before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering and concurrent private placement are expected to close on or about May 13, 2020, subject to the satisfaction of customary closing conditions.
Its earnings per share (EPS) expected to touch remained 2.00% for this year while earning per share for the next 5-years is expected to reach at 20.00%. HHT has a gross margin of 10.40% and an operating margin of -20.10% while its profit margin remained -33.00% for the last 12 months.
According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -9.86% from the mean of 20 days, -31.71% from mean of 50 days SMA and performed -75.06% from mean of 200 days price. Company’s performance for the week was 5.72%, 21.88% for month and YTD performance remained -64.79%.