What Do Analysts Think Of Connexa Sports Technologies Inc (CNXA)

Connexa Sports Technologies Inc (CNXA) saw an uptrend of 2.85% in the recent trading with $0.22 being its most recent. The current price level -98.40% lower than the highest price of $14.00 marked by the stock while trading over the past 52-weeks, whereas it is 54.95% higher than the lowest price of $0.14 the company dropped to over past 52-weeks. The latest news story on CNXA appeared in (GlobeNewswire) under the title “Connexa Announces Entry into an Agreement to Acquire a 70% Stake in Yuanyu Enterprise Management Co., Limited for Cash and Shares”.

Squeezing the time span to 30 day period shows us the stock is currently trading -25.32% below one month high and is +17.84% above of the lowest during that time. Looking into the simple moving average, Connexa Sports Technologies Inc (CNXA)’s stock stands at a SMA-50 of $0.2556 while that of 5-day is reading $0.2243.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CNXA’s SMA-200 as of now is $2.3926.

Connexa Sports Technologies Inc Earnings – What Happened With CNXA

Coming around sales and income figures on CNXA Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

CNXA – Connexa Sports Technologies Inc Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 22.17 million. CNXA does have institutional investors; and they hold 3.02% of the stock.

Connexa Sports Technologies Inc – Insider Activity and Holdings

As on Jun 29, 2023, Armistice Capital, LLC was the top most holder in Connexa Sports Technologies Inc (NASDAQ:CNXA) with an ownership of 25463.0 shares of the company or 3.29% of the stake worth $0.23 million. The filing also reveals Renaissance Technologies, LLC as the second largest holder in the company with a control over 0.23% of the outstanding shares. Its stake is worth $15717.0 for having 1778.0 shares in hand.

HRT Financial LP also came holding a key position in the company during the recent quarter and it now holds 0.22% of the outstanding shares. With this there are now 9 institutions which have possession in CNXA’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Connexa Sports Technologies Inc has a debt to equity ratio of 1.41.

Technical Analysis of Connexa Sports Technologies Inc (NASDAQ:CNXA) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Connexa Sports Technologies Inc (CNXA), we notice that the stock’s 20-day average volume is at 1,536,705 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 10,944,958 shares. And to end, CNXA’s 100-day average volume is 6,722,628 shares with 100% of the long-term indicators pointing towards Sell for the stock.