Connexa Sports Technologies (YYAI) Stock Price, News & Analysis

Company Overview

Connexa Sports Technologies Inc. engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports. Connexa Sports Technologies Inc. is based in Windsor Mill, Maryland.

Key Stats

• Today's Range: $2.43 to $4.94
• 50-Day Range: $3.52 to $9.29
• 52-Week Range: $2.43 to $53.00
• Volume: 1.39 million shs
• Average Volume: 235,147 shs
• Market Capitalization: $22.65 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Connexa Sports Technologies Stock Analysis - MarketRank™

Connexa Sports Technologies scored higher than 12% of companies evaluated by MarketBeat, and ranked 267th out of 286 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Connexa Sports Technologies.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Connexa Sports Technologies is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Connexa Sports Technologies is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Connexa Sports Technologies has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.14% of the float of Connexa Sports Technologies has been sold short.

Short Interest Ratio / Days to Cover

Connexa Sports Technologies has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Connexa Sports Technologies has recently increased by 70.99%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Connexa Sports Technologies does not currently pay a dividend.

Dividend Growth

Connexa Sports Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.14% of the float of Connexa Sports Technologies has been sold short.

Short Interest Ratio / Days to Cover

Connexa Sports Technologies has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Connexa Sports Technologies has recently increased by 70.99%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.59

News Sentiment

Connexa Sports Technologies has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Connexa Sports Technologies this week, compared to 1 article on an average week.

Search Interest

1 people have searched for YYAI on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Connexa Sports Technologies to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Connexa Sports Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

12.80% of the stock of Connexa Sports Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 4.03% of the stock of Connexa Sports Technologies is held by institutions.

YYAI Stock Analysis - Frequently Asked Questions

How have YYAI shares performed this year?

Connexa Sports Technologies' stock was trading at $17.89 at the beginning of the year. Since then, YYAI stock has decreased by 80.3% and is now trading at $3.52.
View the best growth stocks for 2024 here.

How were Connexa Sports Technologies' earnings last quarter?

Connexa Sports Technologies Inc. (NASDAQ:YYAI) announced its quarterly earnings results on Tuesday, September, 10th. The company reported ($1.91) EPS for the quarter. The firm earned $0.71 million during the quarter. Connexa Sports Technologies had a negative trailing twelve-month return on equity of 1,557.21% and a negative net margin of 565.12%.

When did Connexa Sports Technologies' stock split?

Shares of Connexa Sports Technologies reverse split on Friday, June 28th 2024. The 1-20 reverse split was announced on Friday, June 28th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, June 28th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

How do I buy shares of Connexa Sports Technologies?

Shares of YYAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Connexa Sports Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Connexa Sports Technologies investors own include Meta Platforms (META), AMC Entertainment (AMC), Avinger (AVGR), Canopy Growth (CGC), CISO Global (CISO), Femasys (FEMY) and Holley (HLLY).

Company Calendar

• Last Earnings: 9/10/2024
• Today: 11/25/2024
• Next Earnings (Estimated): 11/25/2024
• Fiscal Year End: 4/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Sporting & athletic goods, not elsewhere classified
• Sub-Industry: Recreation
• Current Symbol: NASDAQ:YYAI
• Previous Symbol: NASDAQ:YYAI
• CUSIP: N/A
• CIK: 1674440
• Web: www.connexasports.com
• Phone: 443-407-7564
• Fax: N/A
• Employees: 8
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($582.82)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-15,640,000.00
• Net Margins: -565.12%
• Pretax Margin: -317.73%
• Return on Equity: -1,557.21%
• Return on Assets: -187.79%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.54
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: $5.98 million
• Price / Sales: 3.79
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $5.25 per share
• Price / Book: 0.67

Miscellaneous

• Outstanding Shares: 6,436,000
• Free Float: 5,612,000
• Market Cap: $22.65 million
• Optionable: N/A
• Beta: -1.50