Connexa Sports Technologies Inc (NASDAQ: CNXA) is 21.40% higher on its value in year-to-date trading and has touched a low of $0.14 and a high of $14.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNXA stock was last observed hovering at around $0.26 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.25, the stock is 1.10% and -2.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -5.08% at the moment leaves the stock -90.56% off its SMA200. CNXA registered -96.47% loss for a year compared to 6-month loss of -96.06%. The firm has a 50-day simple moving average (SMA 50) of -$0.61 and a 200-day simple moving average (SMA200) of -$1.28.
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The stock witnessed a -0.92% gain in the last 1 month and extending the period to 3 months gives it a 10.38%, and is 8.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.09% over the week and 16.47% over the month.
Connexa Sports Technologies Inc (CNXA) has around 9 employees, a market worth around $5.47M and $9.78M in sales. Profit margin for the company is -100.67%. Distance from 52-week low is 70.80% and -98.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-186.04%).
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Connexa Sports Technologies Inc (CNXA) Top Institutional Holders
9 institutions hold shares in Connexa Sports Technologies Inc (CNXA), with institutional investors hold 4.55% of the company’s shares. The shares outstanding are 22.17M, and float is at 20.09M with Short Float at 1.14%. Institutions hold 3.04% of the Float.
The top institutional shareholder in the company is Armistice Capital, LLC with over 25463.0 shares valued at $0.23 million. The investor’s holdings represent 3.29% of the CNXA Shares outstanding. As of Jun 29, 2023, the second largest holder is Renaissance Technologies, LLC with 1778.0 shares valued at $15717.0 to account for 0.23% of the shares outstanding. The other top investors are HRT Financial LP which holds 1685.0 shares representing 0.22% and valued at over $14895.0, while Goldman Sachs Group Inc holds 0.17% of the shares totaling 1278.0 with a market value of $11297.0.
