Market Insights: Connexa Sports Technologies Inc. (YYAI)’s Notable Drop of -9.10, Closing at 0.69

For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.

As of close of business last night, Connexa Sports Technologies Inc.’s stock clocked out at $0.69, down -9.10% from its previous closing price of $0.76. In other words, the price has decreased by -$9.10 from its previous closing price. On the day, 0.8 million shares were traded. YYAI stock price reached its highest trading level at $0.7539 during the session, while it also had its lowest trading level at $0.6524.

Ratios:

To gain a deeper understanding of YYAI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 0.31.

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 126905384 and an Enterprise Value of 3762658. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 3.49. Its current Enterprise Value per Revenue stands at 0.385 whereas that against EBITDA is -0.553.

Stock Price History:

Over the past 52 weeks, YYAI has reached a high of $11.52, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is 21.93%, while the 200-Day Moving Average is calculated to be -57.90%.

Shares Statistics:

It appears that YYAI traded 4.74M shares on average per day over the past three months and 3678300 shares per day over the past ten days. A total of 34.81M shares are outstanding, with a floating share count of 34.52M. Insiders hold about 0.88% of the company’s shares, while institutions hold 1.92% stake in the company. Shares short for YYAI as of 1713139200 were 1506117 with a Short Ratio of 0.32, compared to 1710460800 on 35267. Therefore, it implies a Short% of Shares Outstanding of 1506117 and a Short% of Float of 5.6799997.

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