Yep. They come in all sorts of colors. Missed out an awesome dark royal blue one with yellow eyes. 1.5" square when for $150....
I'd leave it whereever you put it for now. If it's lower in the tank, after a couple weeks consider raising it up to brighter light. They are pretty fleshy for an SPS, so they do response well to feedings. Should help it recover. Colors do look a little washed, if the coral does make it, it should color up some. As you probably can guess from the fact it's still alive, it's hardier then your average SPS.