Connexa Sports Technologies Inc. (NASDAQ: YYAI) has experienced a decline in its stock price by -9.10 compared to its previous closing price of 0.76. However, the company has seen a fall of -4.74% in its stock price over the last five trading days.
Is It Worth Investing in Connexa Sports Technologies Inc. (NASDAQ: YYAI) Right Now?
The public float for YYAI is 34.52M, and at present, short sellers hold a 4.36% of that float. On May 06, 2024, the average trading volume of YYAI was 4.74M shares.
YYAI’s Market Performance
The stock of Connexa Sports Technologies Inc. (YYAI) has seen a -4.74% decrease in the past week, with a 154.44% rise in the past month, and a 90.94% gain in the past quarter. The volatility ratio for the week is 15.16%, and the volatility levels for the past 30 days are at 41.10% for YYAI. The simple moving average for the past 20 days is -34.32% for YYAI’s stock, with a -57.90% simple moving average for the past 200 days.
YYAI Trading at 21.93% from the 50-Day Moving Average
After a stumble in the market that brought YYAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.04% of loss for the given period.
Volatility was left at 41.10%, however, over the last 30 days, the volatility rate increased by 15.16%, as shares surge +129.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +175.79% upper at present.
During the last 5 trading sessions, YYAI fell by -4.74%, which changed the moving average for the period of 200-days by -89.24% in comparison to the 20-day moving average, which settled at $1.0653. In addition, Connexa Sports Technologies Inc. saw 237.92% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for YYAI
Equity return is now at value -113.43, with -47.71 for asset returns.
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. (YYAI) 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.
