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

AiRWA Inc. (NASDAQ:YYAI) traded up 8.6% on Tuesday . The company 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

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

AiRWA Stock Performance

The stock has a fifty day moving average price of $33.76 and a 200-day moving average price of $41.84. The firm has a market capitalization of $511.39 million, a PE ratio of 4.19 and a beta of -1.69.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YYAI. Geode Capital Management LLC increased its position in AiRWA by 7.2% during the 2nd 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 in the last quarter. XTX Topco Ltd increased its position in AiRWA by 12.5% during the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after buying an additional 5,630 shares in the last quarter. Finally, Jane Street Group LLC increased its position in AiRWA by 47.7% during the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock valued at $55,000 after buying an additional 22,951 shares in the last quarter. 4.03% of the stock is owned by institutional investors and hedge funds.

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.