AiRWA (NASDAQ:YYAI) Shares Set to Reverse Split on Monday, May 18th

AiRWA Inc. (NASDAQ:YYAIFree Report) shares are going to reverse split on the morning of Monday, May 18th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, May 17th.

AiRWA Trading Down 38.6%

Shares of NASDAQ YYAI traded down $0.26 during midday trading on Thursday, hitting $0.42. The company’s stock had a trading volume of 4,349,832 shares, compared to its average volume of 486,302. AiRWA has a 1-year low of $0.41 and a 1-year high of $264.42. The firm’s fifty day moving average price is $0.87 and its 200-day moving average price is $1.09.

AiRWA (NASDAQ:YYAIGet Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.05) EPS for the quarter. AiRWA had a negative net margin of 6.12% and a negative return on equity of 0.40%. The business had revenue of $6.97 million during the quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a report on Wednesday, March 25th. Wall Street Zen lowered 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.com, the company has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on AiRWA

Institutional Trading of AiRWA

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd lifted its position in AiRWA by 12.5% in the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after purchasing an additional 5,630 shares during the last quarter. Jane Street Group LLC lifted its position in AiRWA by 47.7% in the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock valued at $55,000 after purchasing an additional 22,951 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in AiRWA by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after purchasing an additional 6,116 shares during the last quarter. 4.03% of the stock is currently owned by institutional investors.

About AiRWA

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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.

Further Reading

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