Connexa Sports Technologies Inc (YYAI): Uncovering A True Diamond In The Rough

Connexa Sports Technologies Inc (NASDAQ:YYAI) currently has a daily average trading volume of 196.30K but it saw 2247486 shares traded in last market. With a market cap of 12.96M USD, the company’s current market price of $1.39 came falling about -35.94 while comparing to the previous closing price of $2.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $53.00 and as low as $2.07. In the recent trading on the day, stock has struck highest price mark of $1.13 while lowest mark touched by it was $2.47.

Taking a look at 20-day trading activity of Connexa Sports Technologies Inc (YYAI) gives us an average price of $4.3135, while its current price level is -97.38% below from 52-week high level whereas it is -32.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.5282 while that of 200 days or SMA-200 reads an average of $10.1250. A closer look into the stock’s movement over the week reveals that its volatility is standing at 64.96% during that period while stretching the period over a month that decreases to 33.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 24.48 which implies that the stock is in oversold territory.

Over the week, YYAI’s stock price is moving -72.48% down while it is -75.49% when we observe its performance for the past one month. Year-to-date it is -65.81% down and over the past year, the stock is showing a downside performance of -81.30%.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Connexa Sports Technologies Inc’s total number of outstanding shares is 6.44M. Company’s return on investment (ROI) stands at -201.42% and return on equity (ROE) at -113.43%. Stock has a price to book (P/B) ratio of 0.39 while price to sale or P/S ratio amounts to 2.17. Its return on asset (ROA) is -127.72% on average.