Analyzing Connexa Sports Technologies (YYAI) and Its Competitors

Connexa Sports Technologies (NASDAQ:YYAIGet Free Report) is one of 19 publicly-traded companies in the “Sporting & athletic goods, not elsewhere classified” industry, but how does it weigh in compared to its competitors? We will compare Connexa Sports Technologies to similar businesses based on the strength of its risk, valuation, dividends, profitability, analyst recommendations, institutional ownership and earnings.

Insider & Institutional Ownership

4.0% of Connexa Sports Technologies shares are held by institutional investors. Comparatively, 49.9% of shares of all “Sporting & athletic goods, not elsewhere classified” companies are held by institutional investors. 12.8% of Connexa Sports Technologies shares are held by insiders. Comparatively, 20.2% of shares of all “Sporting & athletic goods, not elsewhere classified” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Earnings and Valuation

This table compares Connexa Sports Technologies and its competitors revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Connexa Sports Technologies $8.40 million -$15.64 million -0.01
Connexa Sports Technologies Competitors $3.01 billion $70.67 million 17.80

Connexa Sports Technologies’ competitors have higher revenue and earnings than Connexa Sports Technologies. Connexa Sports Technologies is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Risk and Volatility

Connexa Sports Technologies has a beta of -1.5, meaning that its share price is 250% less volatile than the S&P 500. Comparatively, Connexa Sports Technologies’ competitors have a beta of 1.51, meaning that their average share price is 51% more volatile than the S&P 500.

Profitability

This table compares Connexa Sports Technologies and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Connexa Sports Technologies -565.12% -1,557.21% -187.79%
Connexa Sports Technologies Competitors -83.71% -164.79% -26.14%

Analyst Recommendations

This is a breakdown of recent recommendations for Connexa Sports Technologies and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Connexa Sports Technologies 0 0 0 0 N/A
Connexa Sports Technologies Competitors 76 504 740 8 2.51

As a group, “Sporting & athletic goods, not elsewhere classified” companies have a potential upside of 20.03%. Given Connexa Sports Technologies’ competitors higher probable upside, analysts plainly believe Connexa Sports Technologies has less favorable growth aspects than its competitors.

Summary

Connexa Sports Technologies competitors beat Connexa Sports Technologies on 10 of the 10 factors compared.

Connexa Sports Technologies Company Profile

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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. Connexa Sports Technologies Inc. is based in Windsor Mill, Maryland.

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