Richtech Robotics (NASDAQ:RR) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Richtech Robotics experienced a significant surge in trading volume, with 96.4 million shares exchanged, marking a 380% increase from the prior session.
• Analysts have varying opinions on the stock, with Weiss Ratings maintaining a "sell" rating while HC Wainwright upgraded its price target to $6.00 and assigned a "buy" rating.
• The company reported a negative net margin of 366.21% and revenues of $1.18 million, falling short of the expected $1.42 million during its last quarterly earnings announcement.

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) saw strong trading volume on Tuesday . 96,410,489 shares changed hands during trading, an increase of 380% from the previous session's volume of 20,097,924 shares.The stock last traded at $6.64 and had previously closed at $6.45.

Analyst Ratings Changes

A number of research firms recently commented on RR. Weiss Ratings restated a "sell (e+)" rating on shares of Richtech Robotics in a report on Wednesday, October 8th. HC Wainwright raised their price objective on shares of Richtech Robotics from $3.50 to $6.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Finally, Wall Street Zen upgraded shares of Richtech Robotics from a "sell" rating to a "hold" rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.50.

Richtech Robotics Stock Up 4.3%

The business's fifty day moving average is $3.61 and its 200 day moving average is $2.59. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -39.59 and a beta of -4.14.

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

Insiders Place Their Bets

In related news, COO Phil Zheng sold 100,000 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $5.11, for a total value of $511,000.00. Following the completion of the transaction, the chief operating officer owned 1,000,000 shares of the company's stock, valued at $5,110,000. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 25.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Richtech Robotics

A number of institutional investors and hedge funds have recently bought and sold shares of RR. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Richtech Robotics in the first quarter valued at about $51,000. NTV Asset Management LLC acquired a new position in shares of Richtech Robotics during the first quarter valued at about $50,000. Private Advisor Group LLC acquired a new position in Richtech Robotics during the 1st quarter valued at about $25,000. Cary Street Partners Financial LLC boosted its position in shares of Richtech Robotics by 76.5% during the first quarter. Cary Street Partners Financial LLC now owns 60,000 shares of the company's stock valued at $119,000 after buying an additional 26,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in Richtech Robotics during the 1st quarter worth $40,000. Institutional investors and hedge funds own 0.01% of the company's stock.

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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