Aerwins Technologies executive sells over $70,000 in company stock By Investing.com

AERWINS Technologies Inc. (OTC:AWIN) reported a significant transaction by one of its executives, Komatsu (OTC:) Shuhei, who has sold a large number of shares in the company. According to the latest filing, Shuhei, who is also a ten percent owner, disposed of 140,848 shares of common stock on June 26, 2024, for a total of approximately $70,100.

The sale was executed at a weighted average price of $0.4977 per share, with individual transactions ranging from $0.46 to $0.77. Following this transaction, Shuhei’s direct holdings in AERWINS Technologies dropped to zero, as indicated in the filing.

This sell-off comes after the company underwent a 1-for-100 stock split earlier in April 2024, a detail noted in the footnotes of the report. The transaction represents a significant change in Shuhei’s investment in the company, which specializes in the aircraft manufacturing sector and is incorporated in Delaware.

Investors and market watchers often pay close attention to insider transactions such as these for insights into executive sentiment and potential future performance of the company’s stock. The sale by a major shareholder and executive at AERWINS Technologies Inc. could be a point of interest for current and potential shareholders.

In other recent news, AERWINS Technologies Inc. is facing potential delisting from the Nasdaq Stock Market due to a delay in filing its Form 10-K for the fiscal year ended December 31, 2023. This development follows the bankruptcy of AERWINS’ subsidiary, A.L.I. Technologies Inc., and the subsequent halt of its operations. Despite these setbacks, AERWINS is progressing with the development of its single-seat Optionally Manned Air Vehicle (MAV) and plans to file the overdue Form 10-K soon.

In a separate development, AERWINS has enacted a reverse stock split of its common stock at a 1-for-100 ratio, a move designed to meet Nasdaq’s minimum bid price requirement for continued listing. The reverse stock split, approved by the company’s stockholders, will consolidate every 100 shares of AERWINS’s issued and outstanding common stock into one share, with the total number of authorized shares of common stock and preferred stock remaining unchanged.

These are among the recent developments for AERWINS Technologies, which is restructuring its operations and focusing on its U.S.-based initiatives. The company has not provided any guidance on the potential outcomes of the Nasdaq Panel’s review or the impact of the A.L.I. bankruptcy proceedings on its overall business strategy.

InvestingPro Insights

AERWINS Technologies Inc. (OTC:AWIN) has recently been in the spotlight due to a notable insider transaction. To provide additional context to this development, InvestingPro data and tips offer a deeper dive into the company’s financial health and stock performance.

InvestingPro data indicates that AERWINS Technologies has a remarkably low market capitalization of just $0.46 million USD, reflecting the company’s current valuation in the market. Additionally, the company’s stock exhibits a significant level of price volatility, as evidenced by the adjusted P/E Ratio of 0.08 for the last twelve months as of Q1 2024, which is considerably low and may attract investors looking for undervalued stocks.

However, it is worth noting that AERWINS Technologies has faced substantial challenges, with a 1-week price total return of -42.71% and a 1-month price total return of -93.98%, which could be indicative of recent market reactions to company-specific events or broader sector trends. The stock’s performance over the last year has also been concerning, with a total return of -98.63%, potentially signaling a lack of investor confidence.

Among the InvestingPro Tips, it is highlighted that the stock has not only taken a significant hit over the last week but has also generally fared poorly over the last month and year. Additionally, AERWINS Technologies does not pay a dividend to shareholders, which may be a consideration for income-focused investors.

For readers interested in a comprehensive analysis of AERWINS Technologies Inc., there are additional InvestingPro Tips available at https://www.investing.com/pro/AWIN. These tips could provide valuable insights for investors contemplating the impact of insider transactions on their investment decisions. Moreover, users can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

With the current market dynamics and the recent insider sale by Komatsu Shuhei, these InvestingPro Tips and data points are particularly relevant for stakeholders and potential investors seeking to understand the underlying factors that may be influencing AERWINS Technologies’ stock performance.

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