Connexa Sports Technologies Inc. (NASDAQ:CNXA) finished Wednesday with an addition of $0.01 to close at $0.12, an upside of 12.00 percent. An average of 2,029,320 shares of common stock have been traded in the last five days. There was a fall of -$0.0008 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 3,449,245 shares traded, while the 50-day average volume stands at 1,783,450.
CNXA stock has decreased by -34.47% in the last month. The company shares reached their 1-month lowest point of $0.1000 on 08/02/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $0.10 and a high of $1.06 in 52 weeks. It has reached a new high 5 times so far this year and lost -47.35% or -$0.1108 in price. In spite of this, the price is down -88.38% from the 52-week high.
Insider Transactions
CNXA stock investors should be aware that Connexa Sports Technologies Inc. (CNXA) stock had its last reported insider trading activity 336 days ago on Sep 08. In this transaction, the insider spent $3,968. 10% Owner, BitNile Holdings, Inc., disposed of 70,100 shares at a price of $0.88 on Sep 07. The insider now owns more than $61,723 worth of shares. Prior to that, 10% Owner BitNile Holdings, Inc. went on to Sale 39,990 shares at $1.00 each on Aug 25. An amount of $40,082 was transacted.
Financial Health
Connexa Sports Technologies Inc.’s EBITDA margin is -255.00%. Its gross profit as reported stood at $4.49 million compared to revenue of $16.83 million.
Earnings Surprise
For the recent quarter, Connexa Sports Technologies Inc. had $1.95 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$48.88 million in the quarter, while revenues were grew 95.15%. Shareholders own equity worth $19.39 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Connexa Sports Technologies Inc. (CNXA) price momentum. RSI 9-day as of the close on 09 August was 42.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 169.72%.
As of today, CNXA’s price is $0.1163 -0.65% or -$0.0008 from its 5-day moving average. CNXA is currently trading -35.16% lower than its 20-day SMA and -23.00% lower than its 100-day SMA. However, the stock’s current price level is -34.99% below the SMA50 and -51.11% below the SMA200.
The stochastic %K and %D were 16.91% and 15.84%, respectively, and the average true range (ATR) was 0.0267. With the 14-day stochastic at 24.42% and the average true range at 0.0280, the RSI (14) stands at 41.16%. The stock has reached -0.0032 on the 9-day MACD Oscillator while the 14-day reading was at -0.0101.
