Connexa Sports Technologies Inc’S 14.07% Escalation Justifies Another Look

AMAT

Connexa Sports Technologies Inc (NASDAQ:YYAI) concluded the trading at $0.64 on current market day with a rise of 14.07% from its closing price on previous day.

Considering stock’s 52-week price range provides that YYAI hit a high price of $53.00 and saw its price falling to a low level of $0.35 during that period. Over a period of past 1-month, stock came subtracting -17.05% in its value.

With its current market valuation of $9.30 million, Connexa Sports Technologies Inc is set to declare its quarterly results in March. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

In contrast, when we review YYAI stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the YYAI stock which is currently positioned at 0. It further provides that stock’s current price level is 39.60% away from its 20-day simple moving average and is -26.36% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 47.63 while volatility remained at 22.30% over the past week which changes to 23.54% when measuring it over the past month. Beta is valued at 0.62, while measure of average true range or ATR is currently at 0.13.

The percentage of outstanding shares held by the insiders is 67.52% while it is 0.79% for the institutional holders. Subtraction of -48.49% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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