Insider Buying: AiRWA (NASDAQ:YYAI) Director Buys 139,097 Shares of Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou bought 139,097 shares of AiRWA stock in a transaction that occurred on Thursday, January 8th. The stock was bought at an average cost of $1.21 per share, for a total transaction of $168,307.37. Following the purchase, the director owned 491,567 shares in the company, valued at $594,796.07. This represents a 39.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, January 7th, Hongyu Zhou purchased 50,000 shares of AiRWA stock. The stock was bought at an average cost of $1.03 per share, with a total value of $51,500.00.
• On Tuesday, January 6th, Hongyu Zhou acquired 123,088 shares of AiRWA stock. The shares were bought at an average price of $1.02 per share, with a total value of $125,549.76.
• On Monday, January 5th, Hongyu Zhou purchased 16,830 shares of AiRWA stock. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $16,830.00.

AiRWA Stock Down 4.6%

Shares of NASDAQ:YYAI traded down $0.06 during trading on Friday, reaching $1.25. The stock had a trading volume of 2,504,406 shares, compared to its average volume of 2,361,262. The stock has a market cap of $23.73 million, a P/E ratio of 0.32 and a beta of -1.97. The business has a fifty day moving average price of $1.10 and a 200-day moving average price of $66.52. AiRWA Inc. has a fifty-two week low of $0.77 and a fifty-two week high of $264.42.

AiRWA (NASDAQ:YYAI) last issued its quarterly earnings results on Tuesday, December 23rd. The company reported $0.00 earnings per share for the quarter. AiRWA had a return on equity of 2.22% and a net margin of 6.47%.The company had revenue of $3.00 million during the quarter.

Institutional Investors Weigh In On AiRWA

An institutional investor recently raised its position in AiRWA stock. Geode Capital Management LLC lifted its holdings in shares of AiRWA Inc. (NASDAQ:YYAI) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,581 shares of the company’s stock after acquiring an additional 6,116 shares during the quarter. Geode Capital Management LLC owned about 0.62% of AiRWA worth $81,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.