AiRWA (NASDAQ:YYAI) Director Buys $5,774,550.00 in Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou bought 4,215,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were bought at an average cost of $1.37 per share, with a total value of $5,774,550.00. Following the purchase, the director directly owned 5,816,489 shares of the company’s stock, valued at approximately $7,968,589.93. This represents a 263.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 12th, Hongyu Zhou purchased 744,496 shares of AiRWA stock. The shares were purchased at an average price of $1.41 per share, with a total value of $1,049,739.36.
• 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 bought 139,097 shares of AiRWA stock. The stock was bought at an average cost of $1.21 per share, with a total value of $168,307.37.
• On Wednesday, January 7th, Hongyu Zhou purchased 50,000 shares of AiRWA stock. The shares were bought at an average price of $1.03 per share, for a total transaction 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, for a total transaction of $125,549.76.
• On Monday, January 5th, Hongyu Zhou acquired 16,830 shares of AiRWA stock. The stock was purchased at an average cost of $1.00 per share, with a total value of $16,830.00.

AiRWA Price Performance

AiRWA stock remained flat at $1.17 during midday trading on Thursday. 862,791 shares of the company traded hands, compared to its average volume of 3,233,455. The stock’s fifty day moving average price is $1.06 and its 200-day moving average price is $63.97. AiRWA Inc. has a 52-week low of $0.77 and a 52-week high of $264.42. The firm has a market cap of $22.21 million, a PE ratio of 0.30 and a beta of -1.97.

Hedge Funds Weigh In On AiRWA

An institutional investor recently raised its position in AiRWA stock. XTX Topco Ltd lifted its stake in shares of AiRWA Inc. (NASDAQ:YYAI) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,761 shares of the company’s stock after buying an additional 5,630 shares during the quarter. XTX Topco Ltd owned about 0.35% of AiRWA worth $45,000 at the end of the most recent reporting period. Institutional investors own 4.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on YYAI. Weiss Ratings reissued a “sell (d)” rating on shares of AiRWA in a research note on Friday, December 26th. Wall Street Zen lowered shares of AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.