Reflections On The Past For Investors Today: Connexa Sports Technologies Inc (NASDAQ: YYAI)

Connexa Sports Technologies Inc (NASDAQ:YYAI) does about 865.28K shares in volume on a normal day but saw 151145975 shares change hands in the recent trading day. The company now has a market cap of 18.50M USD. Its current market price is $1.27, marking an increase of 98.41% compared to the previous close of $0.64. 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 $0.5046 and the current price is -97.60% off the 52-week high compared with 262.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8564 and its 200-day simple moving average is $7.2577. If we look at the stock’s price movements over the week, volatility stands at 39.76%, which decreases to 26.15% 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 72.38 to suggest the stock is overbought.

The current price level is 151.67%, 48.30%, and -82.50% away from its SMA20, SMA50, and SMA200 respectively, with the YYAI price moving below the 50-day SMA on current market day. Connexa Sports Technologies Inc (YYAI) stock is up 182.85% over the week and 144.09% over the past month. Its price is 2.42% year-to-date and -80.03% 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 0.54. Price to book ratio is 1.02 and price to sales ratio is 4.57.