Connexa Sports Technologies Inc. (NASDAQ: CNXA) stock jumped 19.87% on Friday to $1.08 against a previous-day closing price of $0.90. With 0.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 66230.0 shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.2800 whereas the lowest price it dropped to was $0.9010. The 52-week range on CNXA shows that it touched its highest point at $34.90 and its lowest point at $0.77 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNXA was up-trending over the past week, with a rise of 22.73%, but this was down by -24.90% over a month. Three-month performance dropped to -92.00% while six-month performance fell -93.86%. The stock lost -96.95% in the past year, while it has lost -93.72% so far this year.
Float and Shares Shorts:
At present, 41.87 million CNXA shares are outstanding with a float of 7.62 million shares on hand for trading. On Jul 14, 2022, short shares totaled 13860.0, which was 0.11% higher than short shares on Jun 14, 2022. In addition to Mr. Mike Ballardie as the firm’s Chairman, CEO, Pres & Treasurer, Mr. Juda Honickman serves as its Chief Marketing Officer.
Through their ownership of 0.00% of CNXA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 10.58% of CNXA, in contrast to — held by mutual funds. Shares owned by individuals account for –.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNXA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CNXA analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.
Summary of Insider Activity:
Insiders traded CNXA stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 57,500 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 57,500 while 0 shares were sold.