Connexa Sports Technologies Inc (CNXA) Shares Soar Above 1-Year High

Connexa Sports Technologies Inc (NASDAQ: CNXA)’s stock price has increased by 0.73 compared to its previous closing price of 0.22. However, the company has seen a -12.35% decrease in its stock price over the last five trading sessions. PennyStocks reported 2022-10-05 that Check these three penny stocks out for your list right now The post Best Penny Stocks to Buy as the Market Turns Bullish appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Is It Worth Investing in Connexa Sports Technologies Inc (NASDAQ: CNXA) Right Now?

The public float for CNXA is 20.09M, and at present, short sellers hold a 0.18% of that float. On April 02, 2024, the average trading volume of CNXA was 9.11M shares.

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CNXA’s Market Performance

The stock of Connexa Sports Technologies Inc (CNXA) has seen a -12.35% decrease in the past week, with a -24.35% drop in the past month, and a 7.87% gain in the past quarter. The volatility ratio for the week is 13.48%, and the volatility levels for the past 30 days are at 14.84% for CNXA. The simple moving average for the past 20 days is -7.69% for CNXA’s stock, with a -90.96% simple moving average for the past 200 days.

CNXA Trading at -13.94% from the 50-Day Moving Average

After a stumble in the market that brought CNXA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.43% of loss for the given period.

Volatility was left at 14.84%, however, over the last 30 days, the volatility rate increased by 13.48%, as shares sank -17.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.11% upper at present.

During the last 5 trading sessions, CNXA fell by -12.47%, which changed the moving average for the period of 200-days by -96.70% in comparison to the 20-day moving average, which settled at $0.2353. In addition, Connexa Sports Technologies Inc saw 7.87% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CNXA

Current profitability levels for the company are sitting at:

  • -1.91 for the present operating margin
  • 0.33 for the gross margin

The net margin for Connexa Sports Technologies Inc stands at -1.01. The total capital return value is set at -3.53. Equity return is now at value -113.43, with -47.71 for asset returns.

Based on Connexa Sports Technologies Inc (CNXA), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is -6.32.

Currently, EBITDA for the company is -10.4 million with net debt to EBITDA at 3.92. When we switch over and look at the enterprise to sales, we see a ratio of -0.67. The receivables turnover for the company is 29.09for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.

Conclusion

To sum up, Connexa Sports Technologies Inc (CNXA) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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