AiRWA Stock Set to Reverse Split on Monday, May 18th (NASDAQ:YYAI)

AiRWA Inc. (NASDAQ:YYAI) shares are scheduled to reverse split on Monday, May 18th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, May 17th.

AiRWA Stock Performance

AiRWA stock traded down $0.26 during trading on Thursday, reaching $0.42. The company had a trading volume of 4,349,832 shares, compared to its average volume of 486,302. The firm has a market capitalization of $17.69 million, a PE ratio of 0.14 and a beta of -1.69. The firm’s 50-day simple moving average is $0.87 and its 200 day simple moving average is $1.09. AiRWA has a 1-year low of $0.41 and a 1-year high of $264.42.

AiRWA (NASDAQ:YYAI) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.05) EPS for the quarter. The company had revenue of $6.97 million during the quarter. AiRWA had a negative return on equity of 0.40% and a negative net margin of 6.12%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on YYAI shares. Wall Street Zen cut AiRWA from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (d)” rating on shares of AiRWA in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On AiRWA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd lifted its position in 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 buying an additional 5,630 shares in the last quarter. Jane Street Group LLC raised its holdings 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 acquiring an additional 22,951 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 6,116 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.