Richtech Robotics (NASDAQ:RR) Trading Down 3.6% - Time to Sell?

Key Points

• Richtech Robotics shares fell by 3.6% to $1.86, with trading volume down 60% from the average, indicating decreased investor interest.
• HC Wainwright has initiated coverage with a "buy" rating and a target price of $3.50, suggesting potential for future growth.
• The company reported a net loss of ($0.04) EPS, missing estimates, and showed a negative net margin of 281.42%, highlighting financial struggles.

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) shares traded down 3.6% on Wednesday . The stock traded as low as $1.84 and last traded at $1.86. 3,457,776 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 8,654,716 shares. The stock had previously closed at $1.93.

Richtech Robotics Trading Up 10.6%

The company has a current ratio of 75.74, a quick ratio of 73.23 and a debt-to-equity ratio of 0.01. The stock has a market cap of $231.75 million, a P/E ratio of -13.43 and a beta of -4.51. The business's fifty day simple moving average is $1.99 and its 200 day simple moving average is $2.11.

Richtech Robotics (NASDAQ:RR - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Richtech Robotics had a negative net margin of 281.42% and a negative return on equity of 31.58%. The business had revenue of $1.17 million for the quarter, compared to analyst estimates of $1.91 million.

Insider Buying and Selling

In other news, COO Phil Zheng sold 105,213 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $2.64, for a total transaction of $277,762.32. Following the completion of the transaction, the chief operating officer directly owned 1,294,787 shares of the company's stock, valued at $3,418,237.68. This trade represents a 7.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 41.30% of the company's stock.

Hedge Funds Weigh In On Richtech Robotics

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Richtech Robotics by 93.3% in the fourth quarter. Geode Capital Management LLC now owns 440,760 shares of the company's stock valued at $1,190,000 after buying an additional 212,709 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Richtech Robotics in the fourth quarter valued at $226,000. XTX Topco Ltd bought a new position in shares of Richtech Robotics in the fourth quarter valued at $293,000. Northern Trust Corp bought a new position in shares of Richtech Robotics in the fourth quarter valued at $297,000. Finally, Jane Street Group LLC grew its stake in shares of Richtech Robotics by 113.0% in the fourth quarter. Jane Street Group LLC now owns 442,248 shares of the company's stock valued at $1,194,000 after buying an additional 234,578 shares in the last quarter. 0.01% of the stock is owned by institutional investors.

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.