AiRWA (NASDAQ:YYAI) Rating Lowered to “Sell” at Wall Street Zen

AiRWA (NASDAQ:YYAI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, 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, Based on data from MarketBeat, the company has an average rating of “Sell”.

AiRWA Price Performance

YYAI opened at $0.93 on Friday. The business has a 50 day moving average price of $1.11 and a two-hundred day moving average price of $19.95. The company has a market capitalization of $17.60 million, a price-to-earnings ratio of 0.23 and a beta of -1.88. AiRWA has a 1-year low of $0.77 and a 1-year high of $264.42.

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

Insider Activity

In related news, Director Hongyu Zhou purchased 4,215,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were bought at an average price of $1.37 per share, with a total value of $5,774,550.00. Following the completion of the acquisition, the director owned 5,816,489 shares of the company’s stock, valued at approximately $7,968,589.93. This represents a 263.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 5,653,937 shares of company stock valued at $7,635,950 over the last quarter. 55.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AiRWA

A number of hedge funds have recently modified their holdings of YYAI. XTX Topco Ltd grew its stake in AiRWA by 12.5% during the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after acquiring an additional 5,630 shares in the last quarter. Jane Street Group LLC boosted 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 purchasing an additional 22,951 shares during the period. Finally, Geode Capital Management LLC grew its position in AiRWA by 7.2% during the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after purchasing an additional 6,116 shares in the last quarter. 4.03% of the stock is currently 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.