As of Thursday close, Connexa Sports Technologies Inc.’s (NASDAQ:CNXA) stock traded at $0.12. The average number of shares traded per day over the past five days has been 3,784,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0016 fall in that time frame. In the last twenty days, the average volume was 4,192,935, while in the previous 50 days, it was 2,149,322.
Since last month, CNXA stock retreated -21.68%. Shares of the company fell to $0.1000 on 08/02/23, the lowest level in the past month. A 52-week high of $1.06 was reached on 01/26/23 after having rallying from a 52-week low of $0.10. Since the beginning of this year, CNXA’s stock price has dropped by -46.58% or -$0.1090, and marked a new high 5 times. However, the stock has declined by -88.21% since its 52-week high.
CNXA stock investors should be aware that Connexa Sports Technologies Inc. (CNXA) stock had its last reported insider trading activity 344 days ago on Sep 08. BitNile Holdings, Inc., the 10% Owner of the company, disposed of 5,000 shares for $0.79 on Sep 08. It resulted in a $3,968 divestment by the insider. BitNile Holdings, Inc. sold 70,100 shares at an average price of $0.88 on Sep 07. The insider now owns 1,270,000 shares following the transaction. On Aug 25, 10% Owner BitNile Holdings, Inc. sold 39,990 shares at $1.00 apiece. The transaction was valued at $40,082.
Financial Health
Based on annual data, CNXA earned $4.49 million in gross profit and brought in $16.83 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNXA’s revenue fell -160.87% to $3.95 million during the quarter, while net income inched up to $1.61 million. During the quarter, the company generated -$1.42 million in EBITDA. The liabilities of Connexa Sports Technologies Inc. were 31.21 million at the end of its most recent quarter, and its total debt was $2.3 million. The value of shareholders’ equity is $19.39 million.
Technical Picture
This quick technical analysis looks at Connexa Sports Technologies Inc.’s (CNXA) price momentum. With a historical volatility rate of 87.19%, the RSI 9-day stood at 45.75% on 17 August.
With respect to its five-day moving average, the current Connexa Sports Technologies Inc. price is down by -1.26% percent or -$0.0016. At present, CNXA shares trade -16.67% below its 20-day simple moving average and -26.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.89% below its SMA50 and -51.48% below its SMA200.
Stochastic coefficient K was 25.96% and Stochastic coefficient D was 28.30%, while ATR was 0.0242. Given the Stochastic reading of 26.32% for the 14-day period, the RSI (14) reading has been calculated as 43.52%.
Analyst Ratings
Connexa Sports Technologies Inc. (CNXA) has been rated – by analysts. According to 0 brokerage firms, CNXA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Connexa Sports Technologies Inc. stock as buy, with 0 recommending it as overweight.
