Hongyu Zhou Purchases 50,000 Shares of AiRWA (NASDAQ:YYAI) Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou acquired 50,000 shares of AiRWA stock in a transaction on Wednesday, January 7th. The stock was purchased at an average cost of $1.03 per share, with a total value of $51,500.00. Following the purchase, the director directly owned 352,470 shares of the company’s stock, valued at approximately $363,044.10. This trade represents a 16.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, January 8th, Hongyu Zhou bought 139,097 shares of AiRWA stock. The shares were purchased at an average cost of $1.21 per share, for a total transaction 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 stock was acquired at an average cost of $1.00 per share, with a total value of $16,830.00.

AiRWA Stock Down 4.6%

YYAI stock traded down $0.06 during midday trading on Friday, reaching $1.25. 2,512,102 shares of the company’s stock traded hands, compared to its average volume of 2,361,262. The firm’s fifty day moving average price is $1.10 and its 200-day moving average price is $66.52. AiRWA Inc. has a 52 week low of $0.77 and a 52 week high of $264.42. The company 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 issued its quarterly earnings data on Tuesday, December 23rd. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $3.00 million during the quarter. AiRWA had a net margin of 6.47% and a return on equity of 2.22%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen downgraded AiRWA from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of AiRWA in a report on Friday, December 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On AiRWA

An institutional investor recently raised its position in AiRWA stock. Geode Capital Management LLC increased its stake in shares of AiRWA Inc. (NASDAQ:YYAI) by 7.2% in the second quarter, according to its most recent Form 13F filing with the 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 about 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.

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.