AiRWA (NASDAQ:YYAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AiRWA (NASDAQ:YYAI) from a hold rating to a buy rating in a research note released on Saturday morning.

AiRWA Trading Down 23.9%

Shares of YYAI opened at $1.72 on Friday. The company’s fifty day simple moving average is $72.76 and its 200 day simple moving average is $81.05. AiRWA has a 1-year low of $1.66 and a 1-year high of $274.50. The company has a market cap of $498,800.00, a price-to-earnings ratio of -10.75 and a beta of -2.12.

AiRWA (NASDAQ:YYAI) last posted its quarterly earnings results on Wednesday, December 22nd. The company reported ($1.50) earnings per share (EPS) for the quarter. AiRWA had a return on equity of 15.61% and a net margin of 23.04%.The firm had revenue of $5.40 million for the quarter.

Insiders Place Their Bets

In other news, major shareholder Michael Anthony Belfiore acquired 63,858 shares of the stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $1,021,728.00. Following the transaction, the insider directly owned 63,858 shares of the company’s stock, valued at approximately $1,021,728. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 55.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new stake in shares of AiRWA during the first quarter valued at about $32,000. XTX Topco Ltd acquired a new position in shares of AiRWA in the first quarter worth approximately $38,000. Finally, Geode Capital Management LLC lifted its stake in shares of AiRWA by 7.2% in the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after acquiring an additional 6,116 shares during the period. Institutional investors own 4.03% of the company’s stock.

AiRWA 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.