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The Significance of Moving Averages in Connexa Sports Technologies Inc. Inc. (CNXA) Price Performance

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -61.97% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -44.37%. Over the past 30 days, the price of CNXA has leaped by -27.64%. And in the last five days, it has fallen by -3.26%.

The stock of Connexa Sports Technologies Inc. (CNXA) is currently priced at $0.09. In the last session, the stock climbed significantly, topping out at $0.1185 after opening at $0.1185. The day’s lowest price was $0.0806 before the stock closed at $0.10.

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Connexa Sports Technologies Inc. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $0.80 on 10/04/22, while the lowest value for the same period was recorded at $0.06 on 08/22/23.

52-week price history of CNXA Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Connexa Sports Technologies Inc.’s current trading price is -88.87% away from its 52-week high, while its distance from the 52-week low is 41.27%. The stock’s price range during this period has varied between$0.06 and $0.80. The Connexa Sports Technologies Inc.’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 22.99 million for the day, a figure considerably higher than their average daily volume of 2.08 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Connexa Sports Technologies Inc. (CNXA) has experienced a quarterly decline of -46.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.30M and boasts a workforce of 8 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1548, with a change in price of -0.0811. Similarly, Connexa Sports Technologies Inc. recorded 1,914,198 in trading volume during the last 100 days, posting a change of -47.68%.

CNXA Stock Stochastic Average

Connexa Sports Technologies Inc.’s raw stochastic average for the past 50 days is presently 17.70%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 42.62%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.12% and 43.88%, respectively.

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