Connexa Sports Technologies (NASDAQ:YYAI) Stock Price Up 17.2% – Time to Buy?

Shares of Connexa Sports Technologies Inc. (NASDAQ:YYAI) were up 17.2% during trading on Thursday . The stock traded as high as $1.11 and last traded at $1.07. Approximately 815,257 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 991,974 shares. The stock had previously closed at $0.91.

Connexa Sports Technologies Trading Up 17.2%

The company has a market capitalization of $15.58 million, a price-to-earnings ratio of -0.09 and a beta of -2.20. The stock’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $0.82.

Institutional Trading of Connexa Sports Technologies

A hedge fund recently bought a new stake in Connexa Sports Technologies stock. XTX Topco Ltd acquired a new stake in Connexa Sports Technologies Inc. (NASDAQ:YYAI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,131 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned 0.31% of Connexa Sports Technologies as of its most recent SEC filing. 4.03% of the stock is owned by institutional investors.

About Connexa Sports Technologies

Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports.