Market Recap: Connexa Sports Technologies Inc (YYAI)’s Negative Momentum%%, Closing at $$1.59

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The closing price of Connexa Sports Technologies Inc (NASDAQ: YYAI) was $1.59 for the day, down -29.33% from the previous closing price of $2.25. In other words, the price has decreased by -$29.33 from its previous closing price. On the day, 0.87 million shares were traded. YYAI stock price reached its highest trading level at $2.1592 during the session, while it also had its lowest trading level at $1.59.

Ratios:

Our analysis of YYAI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.45 and its Current Ratio is at 3.45. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, YYAI now has a Market Capitalization of 32184304. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.15 while its Price-to-Book (P/B) ratio in mrq is 0.92.

Stock Price History:

The Beta on a monthly basis for YYAI is -0.00, which has changed by -0.73934424 over the last 52 weeks, in comparison to a change of 0.20221436 over the same period for the S&P500. Over the past 52 weeks, YYAI has reached a high of $10.30, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is -41.43%, while the 200-Day Moving Average is calculated to be 7.71%.

Shares Statistics:

YYAI traded an average of 1.54M shares per day over the past three months and 4114750 shares per day over the past ten days. A total of 14.56M shares are outstanding, with a floating share count of 4.74M. Insiders hold about 67.44% of the company’s shares, while institutions hold 2.03% stake in the company. Shares short for YYAI as of 1753920000 were 925569 with a Short Ratio of 0.55, compared to 1751241600 on 231613. Therefore, it implies a Short% of Shares Outstanding of 925569 and a Short% of Float of 14.38.

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