Insider Buying: AiRWA (NASDAQ:YYAI) Director Purchases 365,426 Shares of Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou purchased 365,426 shares of the stock in a transaction dated Sunday, January 11th. The shares were acquired at an average price of $1.23 per share, for a total transaction of $449,473.98. Following the acquisition, the director directly owned 856,993 shares of the company’s stock, valued at $1,054,101.39. This represents a 74.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 12th, Hongyu Zhou acquired 744,496 shares of AiRWA stock. The stock was acquired at an average cost of $1.41 per share, with a total value of $1,049,739.36.
• On Thursday, January 8th, Hongyu Zhou bought 139,097 shares of AiRWA stock. The shares were acquired at an average cost of $1.21 per share, for a total transaction of $168,307.37.
• On Wednesday, January 7th, Hongyu Zhou bought 50,000 shares of AiRWA stock. The stock was acquired 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 stock was bought at an average cost 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 bought at an average price of $1.00 per share, with a total value of $16,830.00.

AiRWA Price Performance

YYAI traded up $0.01 on Tuesday, reaching $1.26. 6,087,910 shares of the company traded hands, compared to its average volume of 2,638,545. The company has a market cap of $23.91 million, a price-to-earnings ratio of 0.32 and a beta of -1.97. The stock’s 50 day moving average price is $1.07 and its 200-day moving average price is $66.24. AiRWA Inc. has a 52-week low of $0.77 and a 52-week high of $264.42.

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

Wall Street Analysts Forecast Growth

YYAI has been the subject of a number of recent research reports. Wall Street Zen downgraded AiRWA from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a report on Friday, December 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On AiRWA

A hedge fund recently raised its stake in AiRWA stock. Geode Capital Management LLC grew its stake in AiRWA Inc. (NASDAQ:YYAI) by 7.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,581 shares of the company’s stock after buying an additional 6,116 shares during the period. Geode Capital Management LLC owned approximately 0.62% of AiRWA worth $81,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.