Connexa Stock Today

CNXA
 Stock
  

USD 0.88  0.05  5.38%   

Market Performance
5 of 100
Odds Of Distress
Less than 50
Connexa Sports is trading at 0.88 as of the 14th of August 2022, a -5.38 percent decrease since the beginning of the trading day. The stock's open price was 0.93. Connexa Sports has 50 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Connexa Sports Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of July 2022 and ending today, the 14th of August 2022. Please note, there could be an existing legal relationship between Connexa Sports Techn (CNXA) and CONNEXA SPORTS TECHN (SLBG). Click here to learn more.
Fiscal Year End
April
IPO Date
24th of May 2019
Category
Consumer Cyclical
ISIN
US8314452009
Connexa Sports Technologies Inc. operates as a sports company. Connexa Sports Technologies Inc. is based in Windsor Mill, Maryland. Connexa Sports operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 8 people. The company has 8.37 M outstanding shares of which 5.58 K shares are currently shorted by private and institutional investors with about 0.05 trading days to cover. More on Connexa Sports Technologies

Moving against Connexa Sports

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Connexa Sports Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Connexa Sports' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Connexa Sports or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Connexa Sports Techn is way too risky over 90 days horizon
Connexa Sports Techn has some characteristics of a very speculative penny stock
Connexa Sports Techn appears to be risky and price may revert if volatility continues
Connexa Sports Techn has high likelihood to experience some financial distress in the next 2 years
The company currently holds 9.58 M in liabilities. Connexa Sports Techn has a current ratio of 0.51, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Connexa Sports until it has trouble settling it off, either with new capital or with free cash flow. So, Connexa Sports' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Connexa Sports Techn sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Connexa to invest in growth at high rates of return. When we think about Connexa Sports' use of debt, we should always consider it together with cash and equity.
The entity reported the previous year's revenue of 15.64 M. Net Loss for the year was (58.04 M) with profit before overhead, payroll, taxes, and interest of 3.12 M.
Connexa Sports Technologies currently holds about 1.08 M in cash with (9.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23.
Connexa Sports Techn has a poor financial position based on the latest SEC disclosures
Roughly 40.0% of the company shares are held by company insiders
Latest headline from MacroaxisInsider: Purchase by Bitnile Holdings Inc of 19000 shares of Connexa Sports
Related EntitySLBG (CONNEXA SPORTS TECHNOLOGIES)
Thematic IdeaRecreation (view all)
Fama & French Classification
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Connexa Sports Techn based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Connexa Sports Techn financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average SharesM3.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares DilutedM3.1 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(4.2 M)(4.1 M)
Fairly Down
Decreasing
Slightly volatile
Total Assets7.1 M6.6 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities30 M27.8 M
Significantly Up
Increasing
Slightly volatile
Current Assets6.9 M6.4 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities29.9 M27.8 M
Significantly Up
Increasing
Slightly volatile
Total Debt7.6 M7.1 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets(4.66)(4.32)
Significantly Down
Decreasing
Slightly volatile
Gross Margin0.220.26
Fairly Down
Decreasing
Slightly volatile
Asset Turnover3.463.21
Significantly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Connexa Sports' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Connexa Sports' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Connexa Sports' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Connexa Sports' financial leverage. It provides some insight into what part of Connexa Sports' total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Connexa Sports' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Connexa Sports deploys its capital and how much of that capital is borrowed.
Liquidity
Connexa Sports cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 9.58 M in liabilities. Connexa Sports Techn has a current ratio of 0.51, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Connexa Sports until it has trouble settling it off, either with new capital or with free cash flow. So, Connexa Sports' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Connexa Sports Techn sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Connexa to invest in growth at high rates of return. When we think about Connexa Sports' use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(4.17 Million)
Connexa Sports Technologies (CNXA) is traded on NASDAQ Exchange in USA. It is located in 2709 North Rolling Road and employs 8 people. Connexa Sports is listed under Recreation category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with current market capitalization of 11.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Connexa Sports's market, we take the total number of its shares issued and multiply it by Connexa Sports's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Connexa Sports Techn conducts business under Consumer Cyclical sector and is part of Leisure industry. The entity has 8.37 M outstanding shares of which 5.58 K shares are currently shorted by private and institutional investors with about 0.05 trading days to cover. Connexa Sports Technologies currently holds about 1.08 M in cash with (9.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23.
Check Connexa Sports Probability Of Bankruptcy
Ownership
Connexa Sports Techn retains a total of 8.37 Million outstanding shares. Connexa Sports Technologies retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Connexa Ownership Details

Connexa Stock Price Odds Analysis

What are Connexa Sports' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Connexa Sports jumping above the current price in 90 days from now is about 75.13%. The Connexa Sports Technologies probability density function shows the probability of Connexa Sports stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.784 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Connexa Sports will likely underperform. Moreover, the company has an alpha of 1.3569, implying that it can generate a 1.36 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 0.88HorizonTargetOdds Above 0.88
24.80%90 days
 0.88 
75.13%
Based on a normal probability distribution, the odds of Connexa Sports to move above the current price in 90 days from now is about 75.13 (This Connexa Sports Technologies probability density function shows the probability of Connexa Stock to fall within a particular range of prices over 90 days) .

Connexa Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Connexa Sports that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Connexa Sports' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Connexa Sports' value.
InstituionSecurity TypeTotal SharesValue
Warberg Asset Management LlcCommon Shares179.5 K266 K
Pnc Financial Services Group IncCommon Shares10.00.0
View Connexa Sports Diagnostics

Connexa Sports Historical Income Statement

Connexa Sports Technologies Income Statement is one of the three primary financial statements used for reporting Connexa's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Connexa Sports Techn revenue and expense. Connexa Sports Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Connexa Sports Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 8.83 Million. The current year Gross Profit is expected to grow to about 3.9 M, whereas Consolidated Income is forecasted to decline to (17.2 M). View More Fundamentals

Connexa Stock Against Markets

Picking the right benchmark for Connexa Sports stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Connexa Sports stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Connexa Sports is critical whether you are bullish or bearish towards Connexa Sports Technologies at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Connexa Sports without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Connexa Sports Technologies?

You need to understand the risk of investing before taking a position in Connexa Sports. The danger of trading Connexa Sports Technologies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Connexa Sports is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Connexa Sports. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Connexa Sports Techn is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Connexa Sports Techn information on this page should be used as a complementary analysis to other Connexa Sports' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Connexa Sports Techn price analysis, check to measure Connexa Sports' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Connexa Sports is operating at the current time. Most of Connexa Sports' value examination focuses on studying past and present price action to predict the probability of Connexa Sports' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Connexa Sports' price. Additionally, you may evaluate how the addition of Connexa Sports to your portfolios can decrease your overall portfolio volatility.
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Is Connexa Sports' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Connexa Sports. If investors know Connexa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Connexa Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
11.8 M
Quarterly Revenue Growth YOY
0.019
Return On Assets
-2.26
The market value of Connexa Sports Techn is measured differently than its book value, which is the value of Connexa that is recorded on the company's balance sheet. Investors also form their own opinion of Connexa Sports' value that differs from its market value or its book value, called intrinsic value, which is Connexa Sports' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Connexa Sports' market value can be influenced by many factors that don't directly affect Connexa Sports' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Connexa Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine Connexa Sports value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Connexa Sports' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.