Connexa Sports Technologies Inc [CNXA] Is Currently 38.89 above its 200 Period Moving Avg: What Does This Mean?

Connexa Sports Technologies Inc [NASDAQ: CNXA] surged by $0.42 during the normal trading session on while it closed the day at $1.50.

Connexa Sports Technologies Inc stock has also gained 400.33% of its value over the past 7 days. However, CNXA stock has inclined by 566.37% in the 3 months of the year. Over the past six months meanwhile, it has lost -20.00% and gained 637.83% year-on date.

The market cap for CNXA stock reached $33.26 million, with 22.17 million shares outstanding and 21.98 million shares in the current float. Compared to the average trading volume of 9.91M shares, CNXA reached a trading volume of 16821338 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Connexa Sports Technologies Inc [CNXA]:

The Average True Range (ATR) for Connexa Sports Technologies Inc is set at 0.14, with the Price to Sales ratio for CNXA stock in the period of the last 12 months amounting to 3.40. The Price to Book ratio for the last quarter was 7.63, with the Price to Cash per share for the same quarter was set at 0.78.

CNXA stock trade performance evaluation

Connexa Sports Technologies Inc [CNXA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 400.33. With this latest performance, CNXA shares gained by 561.38% in over the last four-week period, additionally sinking by -20.00% over the last 6 months – not to mention a drop of -74.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNXA stock in for the last two-week period is set at 95.36, with the RSI for the last a single of trading hit 97.99, and the three-weeks RSI is set at 91.29 for Connexa Sports Technologies Inc [CNXA]. The present Moving Average for the last 50 days of trading for this stock 0.3257, while it was recorded at 0.8741 for the last single week of trading, and 2.1019 for the last 200 days.

Connexa Sports Technologies Inc [CNXA]: An insightful look at the core fundamentals

Connexa Sports Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.20.

Connexa Sports Technologies Inc [CNXA]: Institutional Ownership

The top three institutional holders of CNXA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CNXA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CNXA stock with ownership which is approximately 5.8386%.

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