Connexa Sports Technologies Inc (YYAI) Stock Could Soon Reward Patient Investors

Connexa Sports Technologies Inc (NASDAQ: YYAI) is -45.07% lower on its value in year-to-date trading and has touched a low of $0.35 and a high of $53.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The YYAI stock was last observed hovering at around $1.27 in the last trading session, with the day’s loss setting it -0.59%.

Currently trading at $0.68, the stock is 33.90% and -19.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.06 million and changing -46.37% at the moment leaves the stock -90.52% off its SMA200. YYAI registered -86.33% loss for a year compared to 6-month loss of -90.30%.

The stock witnessed a 52.03% gain in the last 1 month and extending the period to 3 months gives it a -86.51%, and is 18.72% 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 37.18% over the week and 25.53% over the month.

Connexa Sports Technologies Inc (YYAI) has around 8 employees, a market worth around $9.92M and $4.05M in sales. Profit margin for the company is -546.86%. Distance from 52-week low is 94.54% and -98.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-275.33%).