CNXA - Connexa Sports Technologies Inc. Stock Price, Fair Value and News

0.77USD-0.02 (-2.53%)Market Closed

Market Summary

USD0.77-0.02

Market Closed

-2.53%

CNXA Stock Price

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CNXA RSI Chart

CNXA Valuation

Market Cap

17.5M

Price/Earnings (Trailing)

-1.78

Price/Sales (Trailing)

1.79

EV/EBITDA

-0.83

Price/Free Cashflow

-7.72

CNXA Price/Sales (Trailing)

CNXA Profitability

Operating Margin

100.00%

EBT Margin

-99.84%

Return on Equity

-243.27%

Return on Assets

-45.26%

Free Cashflow Yield

-12.95%

CNXA Fundamentals

CNXA Revenue

Revenue (TTM)

9.8M

Rev. Growth (Yr)

28.88%

Rev. Growth (Qtr)

-9.86%

CNXA Earnings

Earnings (TTM)

-9.8M

Earnings Growth (Yr)

92.28%

Earnings Growth (Qtr)

-314.1%

Breaking Down CNXA Revenue

Last 7 days

2.6%

Last 30 days

100%

Last 90 days

220.0%

Trailing 12 Months

321.1%

How does CNXA drawdown profile look like?

CNXA Financial Health

Current Ratio

1.2

CNXA Investor Care

Shares Dilution (1Y)

6585.88%

Diluted EPS (TTM)

1.7K

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	9.8M	0	0	0
2023	11.6M	9.9M	9.5M	9.3M
2022	15.6M	16.1M	17.2M	14.2M
2021	8.3M	10.8M	12.8M	15.6M
2020	0	686.2K	3.2M	5.7M
2019	0	347.8K	517.0K	0
2018	10.8K	9.5K	178.7K	0
2017	0	14.7K	13.4K	12.1K
2016	0	0	0	0

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Which funds bought or sold CNXA recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	sold off	-100	-2,863	-	-%
May 06, 2024	Parallel Advisors, LLC	unchanged	-	-	1.00	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Feb 13, 2024	Tower Research Capital LLC (TRC)	added	1,522	38.00	876	-%
Feb 13, 2024	MORGAN STANLEY	new	-	133	133	-%
Feb 09, 2024	HRT FINANCIAL LP	new	-	6,000	6,000	-%
Feb 09, 2024	UBS Group AG	sold off	-100	-769	-	-%
Feb 09, 2024	WELLS FARGO & COMPANY/MN	added	500	-5.00	4.00	-%
Feb 02, 2024	Atria Wealth Solutions, Inc.	new	-	8,132	8,132	-%

Are Funds Buying or Selling CNXA?

Are funds buying CNXA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CNXA

No. of Funds

Unveiling Connexa Sports Technologies Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	armistice capital, llc	4.99%	578,088	SC 13G/A
Nov 29, 2023	sapir llc	5.9%	224,472	SC 13D
Oct 07, 2022	bitnile holdings, inc.	4.99%	698,385	SC 13D/A
Oct 06, 2022	bitnile holdings, inc.	5.4%	750,000	SC 13D/A

Recent SEC filings of Connexa Sports Technologies Inc.

View All Filings

Date Filed	Form Type	Document
May 07, 2024	8-K	Current Report
May 02, 2024	DEF 14A	DEF 14A
Apr 18, 2024	8-K	Current Report
Apr 18, 2024	PRE 14A	PRE 14A
Apr 10, 2024	10-K/A	Annual Report
Mar 25, 2024	10-K/A	Annual Report
Mar 21, 2024	8-K	Current Report
Mar 21, 2024	DEFA14A	DEFA14A
Mar 05, 2024	10-Q	Quarterly Report
Mar 04, 2024	424B3	Prospectus Filed

Peers (Alternatives to Connexa Sports Technologies Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BKNG	128.3B	22.0B	1.69%	38.98%	26.74	5.83	21.07%	19.26%
ABNB	93.8B	10.2B	-1.63%	24.07%	19	9.16	17.60%	143.42%
DKNG	38.2B	4.1B	-5.93%	-	-69.7	9.38	57.00%	58.12%
RCL	36.5B	14.7B	2.44%	84.08%	17.33	2.47	38.21%	303.01%
CCL	16.4B	22.6B	-8.62%	34.37%	40.38	0.72	77.46%	108.27%
MGM	12.8B	16.7B	-13.54%	-7.74%	14.35	0.77	17.87%	-54.40%
MID-CAP
HAS	8.5B	4.8B	6.49%	2.82%	-6.03	1.78	-16.42%	-1272.21%
NCLH	6.9B	8.9B	-17.02%	14.03%	20.26	0.78	76.51%	123.70%
MAT	6.5B	5.4B	-3.10%	3.14%	22.05	1.19	4.38%	9.98%
PENN	2.5B	6.3B	-10.52%	-40.65%	-2.21	0.39	-3.29%	-263.41%
SMALL-CAP
PTON	1.6B	2.7B	5.61%	-49.55%	-2.15	0.61	-4.86%	66.45%
ACEL	829.1M	1.2B	-0.77%	29.11%	18.91	0.7	10.59%	-35.05%
AGS	445.6M	356.5M	-10.23%	62.14%	1.0K	1.25	15.22%	105.33%
CLAR	261.6M	257.9M	3.48%	-18.08%	25.8	1.01	-16.24%	113.80%
CNTY	92.3M	550.2M	-6.02%	-56.18%	-3.27	0.17	27.80%	-453.54%

Connexa Sports Technologies Inc. News

Latest updates

Connexa Sports Technologies Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q3	2019Q2	2018Q3	2018Q2	2018Q1
Revenue	-9.9%	2,069,559	2,295,918	3,120,231	2,289,859	1,605,783	2,443,821	3,583,336	3,985,395	4,188,774	5,400,542	2,537,573	3,495,513	4,123,648	2,620,068	564,985	424,964	284,943	144,921	4,900	2,450	-
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	99.8%	1,292,715	646,963	892,749	400,305	1,069,826	287,041	1,021,292	409,306	954,809	2,084,937	785,222	1,577,366	878,155	1,040,318	-371,915	-	-	-	-	-	-
Operating Expenses	81.4%	3,485,837	1,921,362	2,747,413	13,736,969	2,110,443	4,798,969	4,090,858	7,036,083	3,715,834	37,189,015	3,275,944	2,643,567	1,874,627	1,242,871	1,089,396	4,662,144	247,567	12,248	6,517	3,831	-
S&GA Expenses	141.1%	735,575	305,037	242,353	553,524	270,722	347,129	756,823	1,034,590	891,877	887,809	707,097	829,649	351,845	397,922	302,018	333,393	26,195	1,505	1,617	612	-
R&D Expenses	-	-	-	-	13,561	3,638	14,980	19,425	182,867	275,908	103,318	174,048	158,680	137,156	15,439	28,110	26,883	48,800	-	-	-	-
EBITDA Margin	396.1%	0.23	-0.08	-1.25	-1.34	-1.79	-1.12	-2.64	-2.89	-3.67	-3.64	-1.59	-1.70	-1.34	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	111,105	-	60,272	50,833	97,368	25,720	90,180	50,000	132,834	17,500	-	-	-	-
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-314.1%	-3,772,628	1,762,119	-846,765	-6,902,223	-6,830,772	-9,119,801	-2,506,717	-2,579,979	-1,959,894	-38,825,357	-3,435,312	-13,405,522	-1,291,086	-2,524,126	-1,374,026	-6,166,407	-265,067	-12,248	-6,517	-	-
EBT Margin	27.5%	-1.00	-1.38	-2.51	-2.56	-1.81	-1.14	-2.67	-2.90	-3.69	-3.66	-1.62	-1.72	-1.37	-	-	-	-	-	-	-	-
Net Income	-314.1%	-3,772,628	1,762,119	-846,765	-6,983,912	-48,879,775	-11,023,567	-4,266,431	-7,142,859	-2,370,124	-38,825,357	-3,435,312	-13,405,522	-1,291,086	-2,524,126	-1,374,026	-6,166,407	-265,067	-12,248	-6,517	-3,814	-
Net Income Margin	82.9%	-1.01	-5.90	-7.16	-7.17	-6.14	-1.75	-3.07	-3.21	-3.71	-3.66	-1.62	-1.72	-1.37	-	-	-	-	-	-	-	-
Free Cashflow	-129.5%	-2,100,390	-915,254	267,198	480,421	-846,358	-1,230,623	-4,768,829	-4,570,756	-1,796,511	-5,894,750	-104,683	-1,378,171	-1,595,247	-	-	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	298.0%	21,746	5,464	6,584	7,108	19,508	69,039	74,132	74,863	18,635	16,726	11,515	5,698	4,539	3,190	2,072	1,381	1,856	352	237	123	8.00
Current Assets	470.2%	19,745	3,463	4,583	4,992	5,942	8,048	12,616	12,826	15,194	13,195	7,894	5,585	4,424	-	-	1,381	1,856	352	2.00	3.00	5.00
Cash Equivalents	5914.4%	17,193	286	386	202	317	465	1,602	665	1,082	1,748	1,013	929	330	653	104	80.00	14.00	313	1.00	2.00	5.00
Inventory	-20.2%	1,331	1,668	2,337	3,190	3,966	4,687	7,206	7,862	8,670	8,578	5,170	3,693	2,321	1,913	1,785	920	1,524	-	-	-	-
Net PPE	-	-	-	-	15.00	16.00	131	137	47.00	-	-	-	-	-	-	-	-	-	-	-	750*	-
Goodwill	-	-	-	-	-	6,781	32,643	32,643	6,781	6,781	1,240	1,240	-	-	-	-	-	-	-	-	-	-
Liabilities	-10.9%	17,700	19,861	24,953	25,721	31,212	31,898	26,358	42,351	28,928	24,908	22,838	24,148	11,193	9,593	8,375	6,375	-	-	4,251	2,126	2.00
Current Liabilities	-10.9%	16,456	18,462	23,297	23,767	29,259	28,691	23,037	38,981	28,928	24,908	22,818	24,138	11,193	9,171	4,367	4,487	2,530	576	17.00	11.00	-
Shareholder's Equity	-	4,045	-	-	-18,613	11,700	37,141	47,773	32,512	-	-	-	10,390	-	-	-	-	-	-	-	-	6.00
Retained Earnings	-2.5%	-154,607	-150,835	-152,597	-151,750	-144,766	-95,886	-84,863	-80,596	-73,454	-71,083	32,259	-28,823	-15,417	-14,126	-11,602	-10,228	-716	-266	-40.81	-33.09	-20.84
Additional Paid-In Capital	16.3%	158,450	136,224	134,112	132,981	132,981	132,788	132,513	113,050	63,166	62,872	20,939	10,390	8,743	7,705	5,279	5,215	855	873	21.00	3.00	21.00
Shares Outstanding	767.0%	20,572	2,373	528	13,543	332	-	176	4,195	93.00	88.00	73.00	69.00	67.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	2,920	-	-	-	-	-	-	-	28,206	-	-	-	8,760	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-129.5%	-2,100	-915	267	480	-846	-1,230	-4,768	-4,570	-1,796	-5,894	-104	-1,378	-1,595	50.00	-1,594	-775	-1,855	-699	-877	-11.60	-5.62
Share Based Compensation	-	-	-	-	-	191	278	278	-95.51	-	32,381	188	-376	264	118	66.00	-	-	-	-	-	-
Cashflow From Investing	-	-	-	-	-	-	-	-	632	-850	-1,100	-300	-	-	-	-	-	-	-	73.00	-	-
Cashflow From Financing	1416.2%	19,035	1,255	-601	-660	1,137	1,939	3,406	3,525	2,000	7,709	500	2,000	1,300	500	1,620	825	1,525	168	1,700	9.00	-

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CNXA Income Statement

2023-04-30

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
NET SALES	$ 9,922,799	$ 16,102,672
COST OF SALES	7,144,335	11,878,010
GROSS PROFIT	2,778,464	4,224,662
OPERATING EXPENSES
Selling and marketing expenses	1,928,198	3,477,570
General and administrative expenses	22,743,877	46,718,986
Research and development costs	65,164	736,141
Total Operating Expenses	24,737,239	50,932,697
OPERATING LOSS	(21,958,775)	(46,708,035)
NON-OPERATING INCOME (EXPENSE)
Amortization of debt discounts	(4,095,030)	(8,150,284)
Loss on extinguishment of debt		(7,096,730)
Loss on issuance of convertible notes		(5,889,369)
Gain on change in fair value of contingent consideration		4,847,000
Change in fair value of derivative liability	10,950,017	18,557,184
Derivative expense	(8,995,962)
Total Non-Operating Income (Expenses)	(3,319,050)	182,060
NET LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES	(25,277,825)	(46,525,975)
Loss from discontinued operations	(4,461,968)	(5,247,677)
Loss on disposal of subsidiaries	(41,413,892)
LOSS FROM DISCONTINUED OPERATIONS	(45,875,860)	(5,247,677)
NET LOSS FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES	(71,153,685)	(51,773,652)
Provision for income taxes
NET LOSS	(71,153,685)	(51,773,652)
Other comprehensive income (loss)
Foreign currency translations adjustment	87,550	75,132
Comprehensive income (loss)	$ (71,066,135)	$ (51,698,520)
Net income (loss) per share - basic and diluted
Continuing operations basic	$ (2.26)	$ (12.09)
Continuing operations diluted	(2.26)	(12.09)
Discontinued operations basic	(4.10)	(1.36)
Discontinued operations diluted	(4.10)	(1.36)
Net loss per share - basic	(6.36)	(13.46)
Net loss per share - diluted	$ (6.36)	$ (13.46)
Weighted average common shares outstanding - basic	11,195,345	3,847,672
Weighted average common shares outstanding - diluted	11,195,345	3,847,672
Nonrelated Party [Member]
NON-OPERATING INCOME (EXPENSE)
Interest expense	$ (884,985)	$ (1,920,183)
Related Party [Member]
NON-OPERATING INCOME (EXPENSE)
Interest expense	$ (293,090)	$ (165,558)

CNXA Balance Sheet

2023-04-30

Consolidated Balance Sheets - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Current Assets:
Cash and cash equivalents	$ 202,095	$ 665,002
Accounts receivable, net	399,680	1,033,390
Inventories, net	3,189,766	7,861,837
Prepaid inventory	936,939	499,353
Contract assets		235,526
Prepaid expenses and other current assets	263,020	272,670
Current assets of discontinued operations		2,258,318
Total Current Assets	4,991,500	12,826,096
Non-Current Assets:
Note receivable - former subsidiary	2,000,000
Fixed assets, net of depreciation	14,791	47,355
Intangible assets, net of amortization	101,281	4,842,856
Goodwill		6,781,193
Non-current assets of discontinued operations		50,365,446
Total Non-Current Assets	2,116,072	62,036,850
TOTAL ASSETS	7,107,572	74,862,946
Current Liabilities:
Accounts payable	5,496,629	5,252,665
Accrued expenses	4,911,839	4,381,901
Related party purchase obligation		500,000
Contract liabilities		111,506
Current portion of notes payable, net of discount	1,484,647	4,639,376
Current portion of convertible notes payable, net of discount		10,327,778
Derivative liabilities	10,489,606	5,443,779
Contingent consideration	418,455	1,334,000
Other current liabilities	22,971	156,862
Current liabilities of discontinued operations		5,215,222
Total Current Liabilities	23,767,491	38,980,522
Long-Term Liabilities:
Non-current liabilities of discontinued operations		1,370,492
Total Long-Term Liabilities	1,953,842	3,370,492
Total Liabilities	25,721,333	42,351,014
Commitments and contingency
SHAREHOLDERS’ EQUITY (DEFICIT)
Common stock, par value, $0.001, 300,000,000 shares authorized, 13,543,155 and 4,194,836 shares issued and outstanding as of April 30, 2023 and 2022, respectively	13,544	4,195
Additional paid in capital	132,980,793	113,049,700
Accumulated deficit	(151,750,610)	(80,596,925)
Accumulated other comprehensive income (loss)	142,512	54,962
Total Stockholders’ Equity (Deficit)	(18,613,761)	32,511,932
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	7,107,572	74,862,946
Nonrelated Party [Member]
Current Liabilities:
Accrued interest	25,387	708,677
Related Party [Member]
Current Liabilities:
Accrued interest	917,957	908,756
Long-Term Liabilities:
Notes payable related parties, net of current portion	$ 1,953,842	$ 2,000,000

About Connexa Sports Technologies Inc.

Connexa Sports Technologies Inc. operates as a sports company. It offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher. The company also offers Gameface AI, a performance analytics application for sports. It delivers products, technologies, and services across the watch, play, and learn activities in sports. The company was formerly known as Slinger Bag Inc. and changed its name to Connexa Sports Technologies Inc. in May 2022. Connexa Sports Technologies Inc. is based in Windsor Mill, Maryland.

CEO	Mr. Mike Ballardie
WEBSITE	connexasports.com
INDUSTRY	Leisure

Connexa Sports Technologies Inc. Frequently Asked Questions

What is the ticker symbol for Connexa Sports Technologies Inc.? What does CNXA stand for in stocks?

CNXA is the stock ticker symbol of Connexa Sports Technologies Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Connexa Sports Technologies Inc. (CNXA)?

As of Wed May 08 2024, market cap of Connexa Sports Technologies Inc. is 17.52 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CNXA stock?

You can check CNXA's fair value in chart for subscribers.

What is the fair value of CNXA stock?

You can check CNXA's fair value in chart for subscribers. The fair value of Connexa Sports Technologies Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Connexa Sports Technologies Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CNXA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Connexa Sports Technologies Inc. a good stock to buy?

The fair value guage provides a quick view whether CNXA is over valued or under valued. Whether Connexa Sports Technologies Inc. is cheap or expensive depends on the assumptions which impact Connexa Sports Technologies Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CNXA.

What is Connexa Sports Technologies Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, CNXA's PE ratio (Price to Earnings) is -1.78 and Price to Sales (PS) ratio is 1.79. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CNXA PE ratio will change depending on the future growth rate expectations of investors.