Connexa Sports Technologies Inc (NASDAQ:YYAI) shares, rose in value on Friday, March 07, with the stock price down by -14.35% to the previous day’s close as strong demand from buyers drove the stock to $0.82.
Actively observing the price movement in the last trading, the stock closed the session at $0.96. Referring to stock’s 52-week performance, its high was $53.00, and the low was $0.35. On the whole, YYAI has fluctuated by 87.29% over the past month.
With the market capitalization of Connexa Sports Technologies Inc currently standing at about $11.97 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that YYAI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of YYAI currently trading nearly 29.43% and 3.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.26, while the 7-day volatility ratio is showing 26.01% which for the 30-day chart, stands at 24.75%. Furthermore, Connexa Sports Technologies Inc (YYAI)’s beta value is 0.04, and its average true range (ATR) is 0.21.
A comparison of Connexa Sports Technologies Inc (YYAI) with its peers suggests the former has fared considerably weaker in the market. YYAI showed an intraday change of -14.35% in last session, and over the past year, it shrunk by -82.33%%.
Data on historical trading for Connexa Sports Technologies Inc (NASDAQ:YYAI) indicates that the trading volumes over the past 3 months, they’ve averaged 3.55 million. According to company’s latest data on outstanding shares, there are 6.44 million shares outstanding.
Nearly 67.52% of Connexa Sports Technologies Inc’s shares belong to company insiders and institutional investors own 0.79% of the company’s shares. The stock has fallen by -33.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the YYAI stock heading into the next quarter.
