AiRWA (NASDAQ:YYAI) Director Acquires $168,307.37 in Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou bought 139,097 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were bought at an average price of $1.21 per share, for a total transaction of $168,307.37. Following the completion of the acquisition, the director owned 491,567 shares in the company, valued at approximately $594,796.07. This trade represents a 39.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hongyu Zhou also recently made the following trade(s):

• On Wednesday, January 7th, Hongyu Zhou acquired 50,000 shares of AiRWA stock. The stock was purchased at an average cost of $1.03 per share, with a total value of $51,500.00.
• On Tuesday, January 6th, Hongyu Zhou purchased 123,088 shares of AiRWA stock. The shares were purchased at an average cost of $1.02 per share, with a total value of $125,549.76.
• On Monday, January 5th, Hongyu Zhou purchased 16,830 shares of AiRWA stock. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $16,830.00.

AiRWA Trading Down 4.6%

YYAI stock traded down $0.06 during trading on Friday, reaching $1.25. The stock had a trading volume of 2,504,406 shares, compared to its average volume of 2,361,262. The firm has a fifty day moving average price of $1.10 and a 200 day moving average price of $66.52. The company has a market capitalization of $23.73 million, a P/E ratio of 0.32 and a beta of -1.97. AiRWA Inc. has a 1-year low of $0.77 and a 1-year high of $264.42.

AiRWA (NASDAQ:YYAI) last announced its earnings results on Tuesday, December 23rd. The company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $3.00 million for the quarter. AiRWA had a return on equity of 2.22% and a net margin of 6.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YYAI. Wall Street Zen cut shares of AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a research note on Friday, December 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, AiRWA has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AiRWA stock. Geode Capital Management LLC lifted its holdings in shares of AiRWA Inc. (NASDAQ:YYAI) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,581 shares of the company’s stock after buying an additional 6,116 shares during the period. Geode Capital Management LLC owned 0.62% of AiRWA worth $81,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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. Connexa Sports Technologies Inc is based in Windsor Mill, Maryland.