Connexa Sports Technologies Inc. (NASDAQ:CNXA) saw a downside of -25.41% to close Tuesday at $0.08 after subtracting -$0.03 on the day. The 5-day average trading volume is 3,879,940 shares of the company’s common stock. It has gained $0.1400 in the past week and touched a new high 1 time within the past 5 days. An average of 4,411,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,129,480.
CNXA’s 1-month performance is -44.54% or -$0.0637 on its low of $0.0630 reached on 08/22/23. The company’s shares have touched a 52-week low of $0.10 and high of $1.06, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, CNXA has lost -65.26% or -$0.1527 and has reached a new high 5 times. However, the current price is down -92.33% from the 52-week high price.
Insider Transactions
CNXA stock investors last saw insider trading activity on Sep 08.BitNile Holdings, Inc. (10% Owner) most recently sold 5,000 shares at $0.79 per share on Sep 08. This transaction cost the insider $3,968. 10% Owner, BitNile Holdings, Inc., sold 70,100 shares at a price of $0.88 on Sep 07. Then, on Aug 25, 10% Owner BitNile Holdings, Inc. sold 39,990 shares at a price of $1.00 per share. This transaction amounted to $40,082.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.15.
The trailing 12-month EBITDA margin is -255.00%. The firm’s gross profit as reported stood at $4.49 million against revenue of $16.83 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 95.15% to -$48.88 million, while revenue of -$11.02 million was 77.45% off the previous quarter. EBITDA for the quarter stood at more than -$1.42 million. CNXA stock balance sheet for the recent quarter shows that total liabilities totaled 31.21 million, with total debt at $2.3 million. Shareholders hold equity totaling $19.39 million.
Let’s look briefly at Connexa Sports Technologies Inc. (CNXA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 23.56% to suggest the stock is trending oversold, with historical volatility in this time period at 155.51%.
The stock’s 5-day moving average is $0.1103, reflecting a -35.48% or -$0.0447 change from its current price. CNXA is currently trading -42.14% above its 20-day SMA, -47.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -51.29% and SMA200 by-68.12%.
Stochastic %K and %D was 14.88% and 17.64% and the average true range (ATR) pointed at 0.0245. The RSI (14) points at 29.50%, while the 14-day stochastic is at 21.28% with the period’s ATR at 0.0254. The stock’s 9-day MACD Oscillator is pointing at -0.0169 and -0.0162 on the 14-day charts.
