Connexa Sports Technologies Inc. (NASDAQ:YYAI) price closed lower on Tuesday, May 07, dropping -8.03% below its previous close.
A look at the daily price movement shows that the last close reads $0.85. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.52 and 52-week low of $0.14. The stock added 93.36% on its value in the past month.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give YYAI a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that YYAI’s price is at present -28.28% off the SMA20 and 33.35% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.97, with weekly volatility standing at 18.62%. The indicator jumps to 40.79% when calculated based on the past 30 days. Connexa Sports Technologies Inc. (NASDAQ:YYAI)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.24.
An analysis of the Connexa Sports Technologies Inc. (NASDAQ:YYAI) stock in terms of its daily trading volume indicates that the 3-month average is 4.68 million.
Current records show that the company has 34.81M in outstanding shares. The insiders’ percentage holdings are 0.84% of outstanding shares while the percentage share held by institutions stands at 1.92%. But the 283.67% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
