It is Poised to be a Bull Market for Connexa Sports Technologies Inc. (CNXA)

Connexa Sports Technologies Inc. (NASDAQ: CNXA) stock fell -14.94% on Monday to $0.08 against a previous-day closing price of $0.09. With 9.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.45 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.0885 whereas the lowest price it dropped to was $0.0733. The 52-week range on CNXA shows that it touched its highest point at $0.80 and its lowest point at $0.06 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 down-trending over the past week, with a drop of -19.47%, but this was down by -39.44% over a month. Three-month performance dropped to -57.94% while six-month performance fell -54.67%. The stock lost -88.71% in the past year, while it has lost -67.65% so far this year.

Float and Shares Shorts:

At present, 24.15 million CNXA shares are outstanding with a float of 17.95 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.62 million, which was 2.78% higher than short shares on Jul 30, 2023. In addition to Mr. Mike Ballardie as the firm’s Chairman, CEO, Principal Financial Officer, Principal Accounting Officer. Pres & Treasurer, Mr. Tom Dye serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 5.93% of CNXA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 16.35% of CNXA, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CNXA with 5.78% of the stake, Armistice Capital LLC holds 1,292,418 shares worth 1,292,418. A second-largest stockholder of CNXA, HRT Financial LLC, holds 67,409 shares, controlling over 0.30% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in CNXA, holding 30,841 shares or 0.14% stake.

Analysts Ratings:

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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CNXA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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