A Few Bright Spots In Connexa Sports Technologies Inc (NASDAQ: YYAI)

Connexa Sports Technologies Inc (NASDAQ:YYAI) currently has a daily average trading volume of 851.43K but it saw 1089507 shares traded in last market. With a market cap of 9.30M USD, the company’s current market price of $0.64 came rising about 14.07 while comparing to the previous closing price of $0.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $53.00 and as low as $0.35.

Taking a look at 20-day trading activity of Connexa Sports Technologies Inc (YYAI) gives us an average price of $0.4575, while its current price level is -98.79% below from 52-week high level whereas it is 82.43% 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 $0.8674 while that of 200 days or SMA-200 reads an average of $7.4017. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.30% during that period while stretching the period over a month that increases to 23.54%. 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 47.63 which implies that the stock is in neutral territory.

Over the week, YYAI’s stock price is moving 58.68% up while it is -17.05% when we observe its performance for the past one month. Year-to-date it is -48.49% down and over the past year, the stock is showing a downside performance of -89.70%.

The company is expected to be releasing its next quarterly report in March, 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 with 52.61% of that held by the insiders while 0.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -275.33%. Stock’s beta reads 0.62. Stock has a price to book (P/B) ratio of 0.51 while price to sale or P/S ratio amounts to 2.30. Its return on asset (ROA) is -163.70% on average.