Connexa Sports Technologies (NASDAQ:YYAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Connexa Sports Technologies (NASDAQ:YYAI) to a hold rating in a research report sent to investors on Saturday morning.

Connexa Sports Technologies Trading Up 11.6%

YYAI stock opened at $4.72 on Friday. The company has a market capitalization of $68.72 million, a PE ratio of -0.41 and a beta of -1.95. Connexa Sports Technologies has a 12-month low of $0.35 and a 12-month high of $10.30. The business’s fifty day moving average price is $2.06 and its 200 day moving average price is $1.21.

Institutional Investors Weigh In On Connexa Sports Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Connexa Sports Technologies by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after purchasing an additional 6,116 shares during the period. XTX Topco Ltd boosted its position in shares of Connexa Sports Technologies by 12.5% during the 2nd 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. Finally, Private Advisor Group LLC acquired a new position in shares of Connexa Sports Technologies during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 4.03% of the company’s stock.

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.