CNXA’s 2023 Market Dance: Up 59.03% – Time to Invest?

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. Until today this year the stock’s price performance recorded an increase of 59.03%. However, over the last six months, the performance has been stronger by -93.62%. The price of CNXA increased 46.82% over the last 30 days. And in the last five days, it has fallen by -10.14%.

Connexa Sports Technologies Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $14.00 on 04/26/23, and the lowest price during the same period was recorded at $0.14 on 01/25/24.

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52-week price history of CNXA Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Connexa Sports Technologies Inc’s current trading price is -97.69% away from its 52-week high, while its distance from the 52-week low is 123.74%. The stock’s price range over this timeframe has been between $0.14 and $14.00. The shares of the Consumer Cyclical sector company recorded a trading volume of approximately 8.59 for the day, which was comparatively higher than the average daily volume of 5.9 over the last three months.

The Connection Between Financial Performance and Market Capitalization

Connexa Sports Technologies Inc (CNXA) has experienced a quarterly decline of -47.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.11M.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0457, with a change in price of -2.7047. Similarly, Connexa Sports Technologies Inc recorded 6,369,855 in trading volume during the last 100 days, posting a change of -89.32%.

CNXA Stock Stochastic Average

The raw stochastic average for Connexa Sports Technologies Inc over the last 50 days is presently at 30.28%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 30.28%. Further, the company’s Stochastic %K and %D values for the last 20 days were 23.68% and 22.18%, respectively.

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