AiRWA (NASDAQ:YYAI) Releases Earnings Results

AiRWA (NASDAQ:YYAI) announced its quarterly earnings data on Tuesday. The company reported $0.00 EPS for the quarter, FiscalAI reports. The firm had revenue of $3.00 million during the quarter. AiRWA had a net margin of 23.04% and a return on equity of 15.61%.

AiRWA Trading Up 3.8%

Shares of AiRWA stock traded up $0.04 on Tuesday, reaching $0.98. 820,749 shares of the company were exchanged, compared to its average volume of 1,339,241. The company has a market capitalization of $284,423.40, a price-to-earnings ratio of -0.12 and a beta of -2.01. AiRWA has a one year low of $0.86 and a one year high of $264.42. The company has a 50-day moving average of $2.15 and a 200 day moving average of $70.84.

Insider Transactions at AiRWA

In related news, major shareholder Michael Anthony Belfiore acquired 63,858 shares of AiRWA stock in a transaction on Wednesday, October 8th. The stock was purchased at an average cost of $16.00 per share, with a total value of $1,021,728.00. Following the completion of the transaction, the insider directly owned 63,858 shares in the company, valued at $1,021,728. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 55.80% of the company’s stock.

Hedge Funds Weigh In On AiRWA

An institutional investor recently raised its position in AiRWA stock. XTX Topco Ltd lifted its stake in shares of AiRWA Inc. (NASDAQ:YYAI) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,761 shares of the company’s stock after acquiring an additional 5,630 shares during the quarter. XTX Topco Ltd owned approximately 0.35% of AiRWA worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen cut shares of AiRWA from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings started coverage on shares of AiRWA in a research report on Friday. They issued a “sell (d)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.