AiRWA (NASDAQ:YYAI) Trading Up 8.6% – Here’s Why

AiRWA Inc. (NASDAQ:YYAI) shares were up 8.6% during mid-day trading on Tuesday . The company traded as high as $12.00 and last traded at $12.37. Approximately 30,100 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 34,828 shares. The stock had previously closed at $11.39.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on YYAI shares. Weiss Ratings reissued a “sell (d)” rating on shares of AiRWA in a report on Wednesday, March 25th. Wall Street Zen downgraded shares of AiRWA from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

AiRWA Trading Up 4.0%

The business’s 50 day simple moving average is $32.11 and its 200 day simple moving average is $40.06.

AiRWA (NASDAQ:YYAI) last released its earnings results on Tuesday, March 17th. The company reported ($2.00) EPS for the quarter. AiRWA had a negative return on equity of 0.40% and a negative net margin of 6.12%.The firm had revenue of $6.97 million for the quarter.

Institutional Investors Weigh In On AiRWA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its stake 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 period. Geode Capital Management LLC raised its stake in AiRWA by 7.2% during the 2nd 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. Finally, Jane Street Group LLC raised its stake in AiRWA by 47.7% during the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after acquiring an additional 22,951 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. Connexa Sports Technologies Inc is based in Windsor Mill, Maryland.