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

AiRWA Inc. (NASDAQ:YYAI) shares are scheduled to reverse split on Monday, May 18th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, May 17th.

AiRWA Price Performance

AiRWA stock traded down $0.26 during midday trading on Thursday, hitting $0.42. 4,349,832 shares of the stock were exchanged, compared to its average volume of 1,381,497. AiRWA has a 1 year low of $0.41 and a 1 year high of $264.42. The firm has a market cap of $17.69 million, a P/E ratio of 0.14 and a beta of -1.69. The company has a 50 day moving average price of $0.87 and a two-hundred day moving average price of $1.09.

AiRWA (NASDAQ:YYAI) last released its quarterly earnings results on Tuesday, March 17th. The company reported ($0.05) earnings per share (EPS) for the quarter. AiRWA had a negative return on equity of 0.40% and a negative net margin of 6.12%.The firm had revenue of $6.97 million for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research note on Wednesday, March 25th. Wall Street Zen lowered shares of AiRWA from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of AiRWA

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of AiRWA by 136.7% in the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock worth $138,000 after acquiring an additional 101,999 shares during the period. Jane Street Group LLC lifted its stake in shares of AiRWA by 47.7% in the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after acquiring an additional 22,951 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of AiRWA by 12.5% in the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after acquiring an additional 5,630 shares during the period. 4.03% of the stock is owned by institutional investors and hedge funds.

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.