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However, its shares have declined 19% in price over the past three months and 3.5% year-to-date. Closing its last session at $0.68, CSCW is currently trading 74.5% below its 52-week high of $2.67.
The company recently announced the receipt of a continued listing standards letter from Nasdaq, notifying it that it did not comply with Nasdaq’s minimum bid price requirement. And although the growing popularity of its Color Star app and expansion of entertainment technologies have helped CSCW bring value to its global users, its foray into the highly volatile NFT space could pose a risk to its stock.
