Investors Purchase High Volume of Richtech Robotics Call Options (NASDAQ:RR)

Key Points

• Investor activity in Richtech Robotics surged, with call options trading increasing by approximately 170% on Tuesday, reaching a total of 106,403 options.
• The company's stock price opened at $4.10, having a range between a 1-year low of $0.52 and a high of $5.71.
• Richtech Robotics reported a quarterly revenue of $1.18 million, missing analyst expectations of $1.42 million, alongside a negative net margin of 366.21%.

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 106,403 call options on the stock. This is an increase of approximately 170% compared to the average volume of 39,450 call options.

Richtech Robotics Trading Down 2.4%

NASDAQ RR opened at $4.10 on Tuesday. Richtech Robotics has a 1-year low of $0.52 and a 1-year high of $5.71. The firm's fifty day simple moving average is $2.80 and its 200-day simple moving average is $2.33. The company has a market capitalization of $614.55 million, a PE ratio of -24.12 and a beta of -4.49.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RR shares. HC Wainwright boosted their price objective on shares of Richtech Robotics from $3.50 to $6.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Wall Street Zen lowered Richtech Robotics from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Richtech Robotics currently has a consensus rating of "Buy" and a consensus price target of $4.50.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in Richtech Robotics in the 1st quarter worth approximately $459,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Richtech Robotics in the first quarter worth $40,000. Cambridge Investment Research Advisors Inc. bought a new position in Richtech Robotics during the first quarter worth $51,000. Millennium Management LLC acquired a new position in Richtech Robotics during the 4th quarter valued at $198,000. Finally, Citadel Advisors LLC bought a new stake in Richtech Robotics in the 4th quarter valued at $31,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About Richtech Robotics

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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