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

Connexa Sports Technologies (NASDAQ:YYAI) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Connexa Sports Technologies Price Performance

NASDAQ YYAI opened at $4.23 on Friday. The company’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $1.17. Connexa Sports Technologies has a 12 month low of $0.35 and a 12 month high of $10.30. The company has a market capitalization of $61.59 million, a P/E ratio of -0.37 and a beta of -1.95.

Institutional Trading of Connexa Sports Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in YYAI. XTX Topco Ltd increased its position in shares of Connexa Sports Technologies by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after acquiring an additional 5,630 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Connexa Sports Technologies by 7.2% in the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after acquiring an additional 6,116 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of Connexa Sports Technologies in the first quarter worth approximately $32,000. 4.03% of the stock is currently 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.