The stock of Connexa Sports Technologies Inc. (NASDAQ:CNXA) increased by $0.12 on Tuesday to finish at $0.20, up 160.11 percent. The last five days have seen an average of 100,584,320 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.0371. The average number of shares traded over the last 20 days was 25,769,576, while the average volume over the last 50 days totaled 12,132,767.
CNXA stock appreciated 73.94% since last month. On 08/22/23, the company’s shares reached a one-month low of $0.0630. The stock touched a high of $0.80 on 01/26/23, after rallying from a low of $0.06 in 52 weeks. The price of CNXA stock has declined by -15.85% or -$0.0371 this year, reaching a new high 5 times. Still, the stock price is down -75.39% from the 52-week high.
Financial Health
For the recent quarter, Connexa Sports Technologies Inc.’s quick ratio was 0.10, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 24.50% percent. Based on annual data, it had gross profit of $2.78 million and revenue of $9.92 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CNXA’s return on assets (ROA) during the last 12 months has been -115.20%. There was a -131.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -258.90%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.61 million, while revenues fell by -160.87% to $3.95 million. EBITDA was $2.89 million for the quarter. At the end of Connexa Sports Technologies Inc.’s most recent quarter, its liabilities totaled 25.72 million, while its total debt was $3.44 million. Equity owned by shareholders amounts to $24.15 million.
Technical Picture
Here’s a quick look at Connexa Sports Technologies Inc.’s (CNXA) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 80.22%, suggesting the stock is Overbought, with a 496.20% historical volatility rate.
The stochastic %K and %D were 33.82% and 38.87% respectively, while the average true range (ATR) was 0.0358. Based on the 14-day stochastic reading of 63.65%, the RSI (14) reading is 73.74%. On the 9-day MACD Oscillator, the stock is at 0.0176, and the 14-day reading is at 0.0207.
Analyst Ratings
Analysts have assigned Connexa Sports Technologies Inc. (CNXA) an – rating. CNXA is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
