Connexa Sports Technologies (NASDAQ:YYAI) Raised to Hold at Wall Street Zen

Key Points

• Connexa Sports Technologies (NASDAQ:YYAI) has received an upgrade to a "hold" rating from analysts at Wall Street Zen.
• The company's stock opened at $4.23 and has a market cap of $61.59 million, reflecting significant volatility with a 1-year low of $0.35 and a high of $10.30.
• Recent institutional activities include XTX Topco Ltd increasing its stake by 12.5%, now holding 50,761 shares valued at $45,000.

Wall Street Zen upgraded shares of Connexa Sports Technologies (NASDAQ:YYAI - Free Report) to a hold rating in a research note released on Saturday morning.

Connexa Sports Technologies Stock Performance

Shares of YYAI stock traded down $0.10 during trading hours on Friday, reaching $4.74. The company had a trading volume of 85,855 shares, compared to its average volume of 2,465,442. The business has a fifty day moving average price of $2.21 and a 200-day moving average price of $1.26. The firm has a market cap of $69.01 million, a PE ratio of -0.41 and a beta of -1.95. Connexa Sports Technologies has a one year low of $0.35 and a one year high of $10.30.

Institutional Trading of Connexa Sports Technologies

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd grew its position in Connexa Sports Technologies by 12.5% during the second quarter. XTX Topco Ltd now owns 50,761 shares of the company's stock valued at $45,000 after buying an additional 5,630 shares during the period. Geode Capital Management LLC grew its position in Connexa Sports Technologies by 7.2% during the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company's stock valued at $81,000 after buying an additional 6,116 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Connexa Sports Technologies during the first quarter valued at approximately $32,000. 4.03% of the stock is currently owned by institutional investors.

Connexa Sports Technologies Company Profile

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.