AiRWA (NASDAQ:YYAI) Trading 8.6% Higher – Time to Buy?

AiRWA Inc. (NASDAQ:YYAI)’s stock price traded up 8.6% during mid-day trading on Tuesday . The stock traded as high as $12.00 and last traded at $12.37. 30,100 shares were traded during trading, a decline of 14% from the average session volume of 34,828 shares. The stock had previously closed at $11.39.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen lowered AiRWA from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

AiRWA Trading Up 6.5%

The firm has a market cap of $511.39 million, a price-to-earnings ratio of 4.19 and a beta of -1.69. The company has a fifty day moving average price of $33.76 and a 200-day moving average price of $41.84.

AiRWA (NASDAQ:YYAI) last issued its quarterly earnings data on Tuesday, March 17th. The company reported ($2.00) earnings per share (EPS) for the quarter. The company had revenue of $6.97 million during the quarter. AiRWA had a negative net margin of 6.12% and a negative return on equity of 0.40%.

Hedge Funds Weigh In On AiRWA

A number of hedge funds have recently made changes to their positions in YYAI. XTX Topco Ltd increased its holdings in shares of AiRWA by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after purchasing an additional 5,630 shares during the last quarter. Jane Street Group LLC increased its holdings 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 valued at $55,000 after purchasing an additional 22,951 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 purchasing an additional 6,116 shares during 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.