AiRWA (NASDAQ:YYAI) Stock Price Down 1% – What’s Next?

AiRWA Inc. (NASDAQ:YYAI) dropped 1% during trading on Thursday . The stock traded as low as $1.00 and last traded at $1.04. Approximately 623,815 shares traded hands during trading, a decline of 76% from the average daily volume of 2,587,050 shares. The stock had previously closed at $1.05.

Analyst Upgrades and Downgrades

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

AiRWA Price Performance

The company has a market cap of $19.74 million, a price-to-earnings ratio of 0.26 and a beta of -1.99. The firm has a fifty day simple moving average of $1.13 and a 200 day simple moving average of $56.57.

Insider Buying and Selling

In other AiRWA news, Director Hongyu Zhou bought 4,215,000 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were 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 in the company, valued at approximately $7,968,589.93. The trade was a 263.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired 5,653,937 shares of company stock valued at $7,635,950 over the last three months. 55.80% of the stock is owned by company insiders.

Institutional Trading of AiRWA

Several hedge funds have recently modified their holdings of YYAI. Geode Capital Management LLC raised its holdings 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 buying an additional 6,116 shares during the last quarter. XTX Topco Ltd increased its position in AiRWA by 12.5% in 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. Finally, Jane Street Group LLC raised 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. Institutional investors and hedge funds own 4.03% of the company’s stock.

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.