Critical Review: Connexa Sports Technologies (YYAI) & Its Rivals

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

Analyst Ratings

This is a summary of current recommendations for Connexa Sports Technologies and its peers, as provided by MarketBeat.com.

	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	503	739	8	2.51

As a group, “Sporting & athletic goods, not elsewhere classified” companies have a potential upside of 23.76%. Given Connexa Sports Technologies’ peers higher possible upside, analysts clearly believe Connexa Sports Technologies has less favorable growth aspects than its peers.

Profitability

This table compares Connexa Sports Technologies and its peers’ 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%

Risk and Volatility

Connexa Sports Technologies has a beta of -1.49, suggesting that its share price is 249% less volatile than the S&P 500. Comparatively, Connexa Sports Technologies’ peers have a beta of 1.51, suggesting that their average share price is 51% more volatile than the S&P 500.

Valuation and Earnings

This table compares Connexa Sports Technologies and its peers top-line revenue, earnings per share (EPS) 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	17.45

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

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

Summary

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

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