AiRWA (NASDAQ:YYAI) Releases Quarterly Earnings Results

AiRWA (NASDAQ:YYAI) released its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, FiscalAI reports. AiRWA had a return on equity of 2.22% and a net margin of 6.47%.The business had revenue of $6.97 million for the quarter.

AiRWA Price Performance

YYAI stock opened at $0.96 on Wednesday. The company has a 50 day moving average price of $1.13 and a 200 day moving average price of $21.34. AiRWA has a fifty-two week low of $0.77 and a fifty-two week high of $264.42. The stock has a market capitalization of $18.20 million, a PE ratio of 0.24 and a beta of -1.88.

Insider Buying and Selling

In other news, Director Hongyu Zhou bought 4,215,000 shares of the stock in a transaction dated Wednesday, January 21st. The stock was bought at an average cost of $1.37 per share, with a total value of $5,774,550.00. Following the purchase, 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 5,653,937 shares of company stock valued at $7,635,950. 55.80% of the stock is currently owned by company insiders.

Institutional Trading of AiRWA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its holdings in AiRWA by 12.5% during the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock worth $45,000 after purchasing an additional 5,630 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AiRWA by 7.2% in the 2nd 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 during the last quarter. Finally, Jane Street Group LLC grew its position in shares of AiRWA by 47.7% during the 4th 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 during the period. 4.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 stock has an average rating of “Sell”.

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.