Why Connexa Sports Technologies Inc (NASDAQ: YYAI) At $0.45 Is Worth Your Money?

Connexa Sports Technologies Inc (NASDAQ:YYAI) does about 791.20K shares in volume on a normal day but saw 376665 shares change hands in the recent trading day. The company now has a market cap of 6.54M USD. Its current market price is $0.45, marking an increase of 7.91% compared to the previous close of $0.42. The 52 week high reached by this stock is $53.00 whilst the lowest price level in 52 weeks is $0.35.

Connexa Sports Technologies Inc (YYAI) has a 20-day trading average at $0.4804 and the current price is -99.15% off the 52-week high compared with 28.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9125 and its 200-day simple moving average is $7.6212. If we look at the stock’s price movements over the week, volatility stands at 12.40%, which increases to 24.39% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.86 to suggest the stock is neutral.

The current price level is -6.53%, -50.80%, and -94.11% away from its SMA20, SMA50, and SMA200 respectively, with the YYAI price moving above the 50-day SMA on current market day. Connexa Sports Technologies Inc (YYAI) stock is up 8.98% over the week and -63.50% over the past month. Its price is -63.79% year-to-date and -92.59% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 6.44M with insiders holding 52.61% of the shares and institutional holders owning 0.88% of the company’s common stock. The company has a return on investment of -275.33%. The beta has a value of 0.61. Price to book ratio is 0.36 and price to sales ratio is 1.61.