Connexa Sports Technologies Inc. (NASDAQ: YYAI)’s stock price has gone rise by 19.89 in comparison to its previous close of 7.75, however, the company has experienced a 46.30% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-08 that YYEM posts significant license revenue and net income increases over prior year
Is It Worth Investing in Connexa Sports Technologies Inc. (NASDAQ: YYAI) Right Now?
The public float for YYAI is 4.73M, and at present, short sellers hold a 2.46% of that float. On October 01, 2024, the average trading volume of YYAI was 90.91K shares.
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YYAI’s Market Performance
YYAI’s stock has seen a 46.30% increase for the week, with a 48.17% rise in the past month and a 10.20% gain in the past quarter. The volatility ratio for the week is 16.13%, and the volatility levels for the past 30 days are at 11.69% for Connexa Sports Technologies Inc. The simple moving average for the past 20 days is 42.39% for YYAI’s stock, with a -6.66% simple moving average for the past 200 days.
YYAI Trading at -1.59% 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 -91.76% of loss for the given period.
Volatility was left at 11.69%, however, over the last 30 days, the volatility rate increased by 16.13%, as shares surge +44.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.92% lower at present.
During the last 5 trading sessions, YYAI rose by +46.30%, which changed the moving average for the period of 200-days by +98.25% in comparison to the 20-day moving average, which settled at $6.67. In addition, Connexa Sports Technologies Inc. saw 128.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for YYAI
Current profitability levels for the company are sitting at:
- -0.77 for the present operating margin
- 0.4 for the gross margin
The net margin for Connexa Sports Technologies Inc. stands at -1.86. The total capital return value is set at -0.68. Equity return is now at value -113.43, with -127.72 for asset returns.
Based on Connexa Sports Technologies Inc. (YYAI), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -1.22. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -2.66.
Currently, EBITDA for the company is -6.33 million with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 7.24. The receivables turnover for the company is 32.52for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
To sum up, Connexa Sports Technologies Inc. (YYAI) has seen a better 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.
