AiRWA (NASDAQ:YYAI) Trading Up 9.9% – What’s Next?

AiRWA Inc. (NASDAQ:YYAI) shares were up 9.9% during trading on Tuesday . The stock traded as high as $9.44 and last traded at $9.01. Approximately 30,644 shares changed hands during trading, an increase of 4% from the average daily volume of 29,579 shares. The stock had previously closed at $8.20.

Analyst Upgrades and Downgrades

Several research analysts have commented on YYAI shares. Wall Street Zen downgraded AiRWA from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a report on Wednesday, March 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

AiRWA Trading Up 1.7%

The stock has a market cap of $9.27 million, a price-to-earnings ratio of 0.08 and a beta of -1.90. The stock’s 50-day moving average price is $24.06 and its 200-day moving average price is $35.80.

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

Hedge Funds Weigh In On AiRWA

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd lifted its holdings in AiRWA by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after buying an additional 5,630 shares during the period. Jane Street Group LLC lifted its holdings in AiRWA by 47.7% in the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock valued at $55,000 after buying an additional 22,951 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in AiRWA by 7.2% in the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after buying an additional 6,116 shares during the period. 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.