Richtech Robotics Inc. (NASDAQ:RR - Get Free Report)'s stock price fell 1.7% on Friday . The company traded as low as $1.94 and last traded at $1.98. 4,398,334 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 12,582,791 shares. The stock had previously closed at $2.01.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on RR shares. Lake Street Capital started coverage on Richtech Robotics in a research note on Tuesday, March 18th. They set a "buy" rating and a $3.00 target price for the company. HC Wainwright began coverage on shares of Richtech Robotics in a research report on Friday, April 11th. They set a "buy" rating and a $3.50 price objective for the company.
Check Out Our Latest Stock Analysis on RR
Richtech Robotics Price Performance
The company has a quick ratio of 73.23, a current ratio of 75.74 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $2.14 and its two-hundred day moving average price is $2.26. The firm has a market capitalization of $226.14 million, a price-to-earnings ratio of -13.17 and a beta of -4.50.
Richtech Robotics (NASDAQ:RR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $1.17 million during the quarter, compared to the consensus estimate of $1.91 million. Richtech Robotics had a negative net margin of 281.42% and a negative return on equity of 31.58%.
Insider Activity at Richtech Robotics
In other Richtech Robotics news, COO Phil Zheng sold 105,213 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $2.64, for a total transaction of $277,762.32. Following the transaction, the chief operating officer owned 1,294,787 shares in the company, valued at $3,418,237.68. This trade represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 41.30% of the company's stock.
Institutional Investors Weigh In On Richtech Robotics
Several hedge funds and other institutional investors have recently made changes to their positions in RR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Richtech Robotics in the first quarter worth $1,630,000. OMERS ADMINISTRATION Corp bought a new stake in Richtech Robotics in the 1st quarter valued at $703,000. Jane Street Group LLC grew its position in Richtech Robotics by 113.0% in the 4th quarter. Jane Street Group LLC now owns 442,248 shares of the company's stock worth $1,194,000 after purchasing an additional 234,578 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Richtech Robotics during the 1st quarter worth about $459,000. Finally, Geode Capital Management LLC increased its holdings in shares of Richtech Robotics by 93.3% during the 4th quarter. Geode Capital Management LLC now owns 440,760 shares of the company's stock worth $1,190,000 after purchasing an additional 212,709 shares during the period. 0.01% of the stock is owned by institutional investors and hedge funds.
About Richtech Robotics
(
Get Free Report)
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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