Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Connexa Sports Technologies Inc’s current trading price is -89.29% away from its 52-week high, while its distance from the 52-week low is 938.06%. The stock’s price range during this period has varied between $0.14 and $14.00. The company, active in the Consumer Cyclical sector, saw a trading volume of around 16.82 million for the day, considerably higher average daily volume of 9.91 million observed over the last three months.
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.
How Financial Performance Impacts Market Capitalization
Connexa Sports Technologies Inc (CNXA) has experienced a quarterly rise of 566.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 33.26M and boasts a workforce of 9 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2895, with a change in price of +0.9950. Similarly, Connexa Sports Technologies Inc recorded 7,490,145 in trading volume during the last 100 days, posting a change of +197.03%.
How CNXA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CNXA stands at 1.41. Similarly, the long-term debt-to-equity ratio is also 0.31.
CNXA Stock Stochastic Average
As of today, the raw stochastic average of Connexa Sports Technologies Inc over the past 50 days is 94.93%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 94.93%. Additionally, the Stochastic %K and %D values for the company were 91.05% and 91.05%, respectively, over the past 20 days.
CNXA Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 637.83%.However, over the last six months, we can see a stronger performance of -20.00%. Over the last 30 days, the price of CNXA has fallen by 561.38%. And in the last five days, it has surged by 400.33%.
