AiRWA (NASDAQ:YYAI) Trading 0.6% Higher – Time to Buy?

AiRWA Inc. (NASDAQ:YYAI) shares shot up 0.6% during trading on Wednesday . The stock traded as high as $0.9979 and last traded at $0.9792. 276,571 shares traded hands during mid-day trading, a decline of 57% from the average session 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 report on Friday, December 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

AiRWA Stock Down 0.4%

The firm has a market cap of $17.60 million, a price-to-earnings ratio of 0.23 and a beta of -1.88. The company has a 50-day moving average price of $1.13 and a 200 day moving average price of $25.98.

Insider Buying and Selling

In other AiRWA news, Director Hongyu Zhou bought 4,215,000 shares of the 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 purchase, the director directly owned 5,816,489 shares in the company, valued at $7,968,589.93. The trade was a 263.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 5,653,937 shares of company stock worth $7,635,950. Company insiders own 55.80% of the company’s stock.

Hedge Funds Weigh In On AiRWA

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of AiRWA by 136.7% during the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company’s stock valued at $138,000 after buying an additional 101,999 shares during the period. Jane Street Group LLC increased its stake in shares of AiRWA by 47.7% in the fourth quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock worth $55,000 after acquiring an additional 22,951 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of 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 acquiring an additional 5,630 shares in the last quarter. Institutional investors and hedge funds 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.