Insider Buying: AiRWA (NASDAQ:YYAI) Director Purchases $5,774,550.00 in Stock

AiRWA Inc. (NASDAQ:YYAI) Director Hongyu Zhou acquired 4,215,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were bought at an average cost of $1.37 per share, with a total value of $5,774,550.00. Following the transaction, the director directly owned 5,816,489 shares in the company, valued at $7,968,589.93. This trade represents a 263.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Hongyu Zhou also recently made the following trade(s):

• On Monday, January 12th, Hongyu Zhou acquired 744,496 shares of AiRWA stock. The stock was purchased at an average price of $1.41 per share, for a total transaction of $1,049,739.36.
• On Sunday, January 11th, Hongyu Zhou purchased 365,426 shares of AiRWA stock. The shares were acquired at an average price of $1.23 per share, for a total transaction of $449,473.98.
• On Thursday, January 8th, Hongyu Zhou bought 139,097 shares of AiRWA stock. The shares were acquired at an average cost of $1.21 per share, for a total transaction of $168,307.37.
• On Wednesday, January 7th, Hongyu Zhou acquired 50,000 shares of AiRWA stock. The shares were bought at an average cost of $1.03 per share, for a total transaction of $51,500.00.
• On Tuesday, January 6th, Hongyu Zhou purchased 123,088 shares of AiRWA stock. The shares were bought at an average price of $1.02 per share, for a total transaction of $125,549.76.
• On Monday, January 5th, Hongyu Zhou purchased 16,830 shares of AiRWA stock. The shares were purchased at an average price of $1.00 per share, with a total value of $16,830.00.

AiRWA Trading Up 31.6%

Shares of NASDAQ:YYAI opened at $1.54 on Friday. AiRWA Inc. has a 52 week low of $0.77 and a 52 week high of $264.42. The company’s 50 day moving average is $1.07 and its two-hundred day moving average is $63.35. The company has a market cap of $29.23 million, a PE ratio of 0.39 and a beta of -1.97.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen downgraded AiRWA from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AiRWA in a report on Friday, December 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On AiRWA

An institutional investor recently raised its position in AiRWA stock. XTX Topco Ltd boosted its stake in AiRWA Inc. (NASDAQ:YYAI) by 12.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,761 shares of the company’s stock after buying an additional 5,630 shares during the quarter. XTX Topco Ltd owned approximately 0.35% of AiRWA worth $45,000 as of its most recent filing with the SEC. Institutional investors 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.