Hongyu Zhou Buys 4,215,000 Shares of AiRWA (NASDAQ:YYAI) Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou purchased 4,215,000 shares of the stock in a transaction dated Wednesday, January 21st. The stock was acquired at an average cost of $1.37 per share, for a total transaction of $5,774,550.00. Following the transaction, the director owned 5,816,489 shares of the company’s stock, valued at approximately $7,968,589.93. This trade represents a 263.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, January 12th, Hongyu Zhou acquired 744,496 shares of AiRWA stock. The stock was acquired at an average cost of $1.41 per share, with a total value of $1,049,739.36.
• On Sunday, January 11th, Hongyu Zhou acquired 365,426 shares of AiRWA stock. The stock was acquired at an average price of $1.23 per share, with a total value of $449,473.98.
• On Thursday, January 8th, Hongyu Zhou bought 139,097 shares of AiRWA stock. The shares were acquired 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 shares were bought at an average price of $1.03 per share, for a total transaction of $51,500.00.
• On Tuesday, January 6th, Hongyu Zhou purchased 123,088 shares of AiRWA stock. The stock was bought at an average price of $1.02 per share, with a total value of $125,549.76.
• On Monday, January 5th, Hongyu Zhou acquired 16,830 shares of AiRWA stock. The shares were bought at an average price of $1.00 per share, for a total transaction of $16,830.00.

AiRWA Stock Performance

Shares of YYAI opened at $1.54 on Friday. AiRWA Inc. has a 52-week low of $0.77 and a 52-week high of $264.42. The stock’s 50-day simple moving average is $1.07 and its 200 day simple moving average is $63.23. The stock has a market capitalization of $29.23 million, a price-to-earnings ratio of 0.39 and a beta of -1.97.

Analyst Ratings Changes

A number of research firms recently weighed in on YYAI. Wall Street Zen lowered shares of AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a report on Friday, December 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of AiRWA

An institutional investor recently raised its position in AiRWA stock. Geode Capital Management LLC increased its stake in AiRWA Inc. (NASDAQ:YYAI) by 7.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,581 shares of the company’s stock after acquiring 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. 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.