Hongyu Zhou Acquires 744,496 Shares of AiRWA (NASDAQ:YYAI) Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou acquired 744,496 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were purchased at an average cost of $1.41 per share, for a total transaction of $1,049,739.36. Following the completion of the purchase, the director directly owned 1,601,489 shares of the company’s stock, valued at approximately $2,258,099.49. The trade was a 86.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Sunday, January 11th, Hongyu Zhou acquired 365,426 shares of AiRWA stock. The stock was acquired at an average price of $1.23 per share, with a total value of $449,473.98.
• On Thursday, January 8th, Hongyu Zhou purchased 139,097 shares of AiRWA stock. The shares were bought at an average price of $1.21 per share, for a total transaction of $168,307.37.
• On Wednesday, January 7th, Hongyu Zhou acquired 50,000 shares of AiRWA stock. The shares were bought at an average cost of $1.03 per share, for a total transaction of $51,500.00.
• On Tuesday, January 6th, Hongyu Zhou bought 123,088 shares of AiRWA stock. The stock was bought at an average cost of $1.02 per share, with a total value of $125,549.76.
• On Monday, January 5th, Hongyu Zhou bought 16,830 shares of AiRWA stock. The shares were bought at an average price of $1.00 per share, for a total transaction of $16,830.00.

AiRWA Trading Up 0.8%

Shares of YYAI traded up $0.01 during mid-day trading on Tuesday, hitting $1.26. 6,087,910 shares of the company traded hands, compared to its average volume of 2,638,545. The stock has a market capitalization of $23.91 million, a price-to-earnings ratio of 0.32 and a beta of -1.97. The business has a 50-day moving average of $1.07 and a 200 day moving average of $66.24. AiRWA Inc. has a one year low of $0.77 and a one year high of $264.42.

AiRWA (NASDAQ:YYAI) last posted its quarterly earnings data on Tuesday, December 23rd. The company reported $0.00 earnings per share (EPS) for the quarter. The firm 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

YYAI has been the topic of a number of research reports. Wall Street Zen downgraded shares of AiRWA from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reissued a “sell (d)” rating on shares of AiRWA in a research note on Friday, December 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On AiRWA

A hedge fund recently raised its stake in AiRWA stock. XTX Topco Ltd increased its holdings in shares of AiRWA Inc. (NASDAQ:YYAI) by 12.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,761 shares of the company’s stock after purchasing an additional 5,630 shares during the quarter. XTX Topco Ltd owned 0.35% of AiRWA worth $45,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 4.03% of the company’s stock.

About AiRWA

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.