Insider Buying: AiRWA (NASDAQ:YYAI) Director Purchases 50,000 Shares of Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were bought at an average price of $1.03 per share, with a total value of $51,500.00. Following the purchase, the director owned 352,470 shares in the company, valued at $363,044.10. The trade was a 16.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, January 8th, Hongyu Zhou acquired 139,097 shares of AiRWA stock. The shares were purchased at an average cost of $1.21 per share, with a total value of $168,307.37.
• On Tuesday, January 6th, Hongyu Zhou bought 123,088 shares of AiRWA stock. The stock was purchased at an average price of $1.02 per share, for a total transaction 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 Price Performance

NASDAQ:YYAI traded down $0.06 on Friday, reaching $1.25. 2,512,102 shares of the company’s stock were exchanged, compared to its average volume of 2,361,262. The stock has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $66.52. AiRWA Inc. has a 52 week low of $0.77 and a 52 week high of $264.42. The firm has a market cap of $23.73 million, a price-to-earnings ratio of 0.32 and a beta of -1.97.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On AiRWA

A hedge fund recently raised its stake in AiRWA stock. XTX Topco Ltd lifted its position in shares of AiRWA Inc. (NASDAQ:YYAI) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,761 shares of the company’s stock after buying an additional 5,630 shares during the period. XTX Topco Ltd owned about 0.35% of AiRWA worth $45,000 as of its most recent SEC filing. Hedge funds and other 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.