AiRWA (NASDAQ:YYAI) Shares Down 1% – What’s Next?

AiRWA Inc. (NASDAQ:YYAI) was down 1% on Thursday . The company traded as low as $1.00 and last traded at $1.04. Approximately 623,815 shares traded hands during trading, a decline of 76% from the average daily volume of 2,587,050 shares. The stock had previously closed at $1.05.

Analyst Upgrades and Downgrades

A number of analysts have commented on YYAI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research report on Friday, December 26th. Wall Street Zen cut AiRWA from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

AiRWA Trading Up 2.9%

The stock’s 50-day moving average price is $1.13 and its 200-day moving average price is $55.09. The company has a market cap of $20.31 million, a P/E ratio of 0.27 and a beta of -1.99.

Insider Activity at AiRWA

In other news, Director Hongyu Zhou bought 4,215,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were bought at an average cost of $1.37 per share, for a total transaction of $5,774,550.00. Following the acquisition, the director directly owned 5,816,489 shares in the company, valued at approximately $7,968,589.93. This trade represents a 263.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 5,653,937 shares of company stock worth $7,635,950 in the last ninety days. Insiders own 55.80% of the company’s stock.

Institutional Investors Weigh In On AiRWA

A number of institutional investors and hedge funds have recently bought and sold shares of YYAI. XTX Topco Ltd boosted its holdings in AiRWA by 12.5% during the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after acquiring an additional 5,630 shares during the last quarter. Jane Street Group LLC lifted its position in shares of AiRWA by 47.7% during the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock valued at $55,000 after purchasing an additional 22,951 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in AiRWA by 7.2% during the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after purchasing an additional 6,116 shares during the last quarter. 4.03% of the stock is owned by hedge funds and other institutional investors.

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.