AiRWA (NASDAQ:YYAI) Trading 9.9% Higher – Here’s Why

AiRWA Inc. (NASDAQ:YYAI) shares were up 9.9% on Tuesday . The company traded as high as $9.44 and last traded at $9.01. Approximately 30,644 shares changed hands during trading, an increase of 4% from the average daily volume of 29,579 shares. The stock had previously closed at $8.20.

Wall Street Analyst Weigh In

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

AiRWA Stock Performance

The stock’s fifty day moving average is $24.99 and its two-hundred day moving average is $36.21. The firm has a market capitalization of $9.46 million, a price-to-earnings ratio of 0.08 and a beta of -1.90.

AiRWA (NASDAQ:YYAI) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($2.00) 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 for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in YYAI. XTX Topco Ltd boosted its stake 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 acquiring an additional 5,630 shares during the last quarter. Jane Street Group LLC boosted its stake 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 acquiring an additional 22,951 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 acquiring an additional 6,116 shares during the last quarter. 4.03% of the stock is currently owned by institutional investors.

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.