AiRWA (NASDAQ:YYAI) Shares Up 0.6% – Time to Buy?

Shares of AiRWA Inc. (NASDAQ:YYAI) were up 0.6% during trading on Wednesday . The company traded as high as $0.9979 and last traded at $0.9792. Approximately 276,571 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 638,983 shares. The stock had previously closed at $0.9729.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a research report on Friday, December 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, AiRWA presently has a consensus rating of “Sell”.

AiRWA Trading Up 0.6%

The company has a 50 day moving average of $1.12 and a 200 day moving average of $27.60. The firm has a market cap of $18.59 million, a price-to-earnings ratio of 0.25 and a beta of -1.88.

Insider Buying and Selling at AiRWA

In other news, Director Hongyu Zhou bought 4,215,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was acquired at an average price of $1.37 per share, for a total transaction of $5,774,550.00. Following the transaction, the director directly owned 5,816,489 shares of the company’s stock, valued at $7,968,589.93. This trade represents a 263.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have bought 5,653,937 shares of company stock valued at $7,635,950. 55.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AiRWA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its stake in AiRWA by 12.5% during the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after buying an additional 5,630 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of AiRWA by 47.7% during the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after buying an additional 22,951 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of AiRWA by 7.2% in the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after acquiring an additional 6,116 shares during the last quarter. 4.03% of the stock is currently owned by institutional investors and hedge funds.

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.