Bogart Wealth LLC Invests $117,000 in Richtech Robotics Inc. $RR

Key Points

• Bogart Wealth LLC has invested $117,000 in Richtech Robotics Inc., acquiring 60,000 shares during the second quarter, which represents approximately 0.05% of the company’s stock.
• Richtech Robotics reported (0.04) earnings per share, meeting analysts' expectations, but its revenue of $1.18 million fell short of the consensus estimate of $1.42 million.
• The stock has seen upgrades and downgrades recently, with one firm lowering its rating from "hold" to "sell" while another raised its target price from $3.50 to $6.00, indicating mixed analyst sentiment.

Bogart Wealth LLC purchased a new position in shares of Richtech Robotics Inc. (NASDAQ:RR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,000 shares of the company's stock, valued at approximately $117,000. Bogart Wealth LLC owned approximately 0.05% of Richtech Robotics at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Richtech Robotics in the 1st quarter valued at $1,630,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Richtech Robotics in the 1st quarter valued at $703,000. Goldman Sachs Group Inc. acquired a new stake in shares of Richtech Robotics in the 1st quarter valued at $459,000. WealthPlan Investment Management LLC acquired a new stake in shares of Richtech Robotics in the 1st quarter valued at $257,000. Finally, Capital Advisors Inc. OK acquired a new stake in shares of Richtech Robotics in the 2nd quarter valued at $195,000. Institutional investors and hedge funds own 0.01% of the company's stock.

Richtech Robotics Price Performance

Shares of Richtech Robotics stock opened at $5.56 on Tuesday. Richtech Robotics Inc. has a one year low of $0.52 and a one year high of $7.43. The firm has a market capitalization of $833.39 million, a price-to-earnings ratio of -32.70 and a beta of -4.14. The business has a 50-day simple moving average of $4.01 and a 200 day simple moving average of $2.73.

Richtech Robotics (NASDAQ:RR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.04). The business had revenue of $1.18 million during the quarter, compared to the consensus estimate of $1.42 million. Richtech Robotics had a negative return on equity of 23.85% and a negative net margin of 366.21%.

Insider Buying and Selling at Richtech Robotics

In other news, COO Phil Zheng sold 100,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $5.11, for a total value of $511,000.00. Following the transaction, the chief operating officer owned 1,000,000 shares in the company, valued at $5,110,000. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RR has been the topic of several recent research reports. Wall Street Zen downgraded Richtech Robotics from a "hold" rating to a "sell" rating in a report on Sunday. HC Wainwright raised their price objective on Richtech Robotics from $3.50 to $6.00 and gave the company a "buy" rating in a report on Friday, September 19th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Richtech Robotics in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.50.

Richtech Robotics Company Profile

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.

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