Hongyu Zhou Buys 365,426 Shares of AiRWA (NASDAQ:YYAI) Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou bought 365,426 shares of the company’s stock in a transaction on Sunday, January 11th. The shares were bought at an average price of $1.23 per share, for a total transaction of $449,473.98. Following the transaction, the director owned 856,993 shares of the company’s stock, valued at approximately $1,054,101.39. This represents a 74.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 shares were bought at an average price of $1.41 per share, for a total transaction of $1,049,739.36.
• On Thursday, January 8th, Hongyu Zhou acquired 139,097 shares of AiRWA stock. The shares were bought 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 bought at an average price of $1.03 per share, with a total value of $51,500.00.
• On Tuesday, January 6th, Hongyu Zhou purchased 123,088 shares of AiRWA stock. The shares were bought 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 purchased at an average cost of $1.00 per share, for a total transaction of $16,830.00.

AiRWA Trading Up 8.7%

YYAI stock opened at $1.37 on Thursday. The firm has a 50 day moving average of $1.07 and a 200-day moving average of $65.48. The firm has a market capitalization of $26.00 million, a P/E ratio of 0.35 and a beta of -1.97. AiRWA Inc. has a 12 month low of $0.77 and a 12 month high of $264.42.

AiRWA (NASDAQ:YYAI) last posted 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 business had revenue of $3.00 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AiRWA stock. Geode Capital Management LLC raised its position in shares of AiRWA Inc. (NASDAQ:YYAI) by 7.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,581 shares of the company’s stock after purchasing an additional 6,116 shares during the period. Geode Capital Management LLC owned approximately 0.62% of AiRWA worth $81,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.03% of the company’s stock.

Analysts Set New Price Targets

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

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.