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Is Color Star Technology a Good Entertainment Stock to Buy? -Breaking

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© Reuters. Color Star Technology: Is it a great entertainment stock?

While global network company Color Star has made positive steps, the stock is on the verge of being delisted from Nasdaq. So, let’s find out if it is wise to bet on the stock now.Entertainment technology company Color Star Technology Co., Ltd. (CSCW), which is based in New York City, recently announced that it has continued to increase its investment in product development for its key metaverse project features, which will be launched later this month.

The stock has gained 17.8% in price over the past month to close yesterday’s trading session at $0.65. If the stock trades below $1, it could be delisted from Nasdaq.

CSCW stock is down 21.8% over the last three months, and 48.6% in the past six. It currently trades 75.5% lower than its 52-week peak of $2.67. This high was reached on March 30, 2021. Additionally, the stock is trading at a lower price than its moving averages of $0.68 (50-day) and $0.92 (200-day), which indicate that it’s in a downtrend.

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