Richtech Robotics (NASDAQ:RR) Shares Gap Up - What's Next?

Key Points

• Richtech Robotics' shares gapped up and were trading roughly 37.5% higher, rising from a $3.81 close to a $4.21 open and last trading around $4.64 on heavy volume (~36.2M shares).
• Analysts are mixed: two Buy ratings and one Sell produce a MarketBeat consensus of "Hold" with an average price target of $4.50 (HC Wainwright the most bullish at $6.00).
• Fundamentals remain speculative — the company beat the quarter (EPS -$0.02 on $1.44M revenue) but shows a large negative net margin (~312%), negative PE, market cap of ~$785M, and only 0.01% institutional ownership.

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.81, but opened at $4.21. Richtech Robotics shares last traded at $4.6420, with a volume of 36,169,568 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded Richtech Robotics from a "strong sell" rating to a "hold" rating in a research report on Friday. HC Wainwright reaffirmed a "buy" rating and issued a $6.00 price target on shares of Richtech Robotics in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Richtech Robotics in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $4.50.

Richtech Robotics Stock Up 37.5%

The company's 50 day moving average price is $3.71 and its two-hundred day moving average price is $3.64. The firm has a market cap of $785.29 million, a PE ratio of -37.19 and a beta of -3.63.

Richtech Robotics (NASDAQ:RR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $1.44 million for the quarter, compared to the consensus estimate of $1.31 million. Richtech Robotics had a negative net margin of 312.09% and a negative return on equity of 13.08%.

Hedge Funds Weigh In On Richtech Robotics

Hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC bought a new stake in shares of Richtech Robotics during the second quarter worth $28,000. Delos Wealth Advisors LLC purchased a new position in Richtech Robotics in the 2nd quarter worth about $29,000. RiverGlades Family Offices LLC bought a new stake in Richtech Robotics during the 2nd quarter valued at about $32,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Richtech Robotics in the 2nd quarter valued at about $33,000. Finally, Traynor Capital Management Inc. bought a new position in Richtech Robotics in the 4th quarter worth about $34,000. Institutional investors own 0.01% of the company's stock.

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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