Connexa Sports Technologies Inc (NASDAQ:CNXA) concluded the trading at $1.08 on Thursday, April 11, with a rise of 37.06% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.79 and 5Y monthly beta was reading 1.78. Considering stock’s 52-week price range provides that CNXA hit a high price of $14.00 and saw its price falling to a low level of $0.14 during that period. Over a period of past 1-month, stock came adding 362.13% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CNXA stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of Hold for it.
Digging deeper we become aware of the PEG ratio of the CNXA stock which is currently positioned at 0. It further provides that stock’s current price level is 266.27% away from its 20-day simple moving average and is 277.46% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 92.99 while volatility remained at 44.95% over the past week which changes to 22.23% when measuring it over the past month. Average true range or ATR is currently at 0.11.
Having a second look at Connexa Sports Technologies Inc (NASDAQ:CNXA) provides that stock’s average daily trading volume for 3 months was 9.69 million, while it jumped to 6.69 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 22.17 million.
The percentage of outstanding shares held by the insiders is 0.88% while it is 3.02% for the institutional holders. The figures also indicate that as of Mar 28, 2024, number of stock’s short shares was 0.42 million which implies a short ratio of 0.19. This shows up a 1.58% of Short Interest in company’s outstanding shares on the day. In March the standing of shares short improved as it was 0.23 million in the previous month. Addition of 431.23% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
