Richtech Robotics (NASDAQ:RR) Trading Down 1.7% - What's Next?

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) shares dropped 1.7% during trading on Friday . The company traded as low as $1.94 and last traded at $1.98. Approximately 4,398,334 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 12,582,791 shares. The stock had previously closed at $2.01.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RR shares. Lake Street Capital started coverage on Richtech Robotics in a research note on Tuesday, March 18th. They issued a "buy" rating and a $3.00 price objective for the company. HC Wainwright started coverage on Richtech Robotics in a research note on Friday, April 11th. They issued a "buy" rating and a $3.50 price objective for the company.

Richtech Robotics Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 75.74 and a quick ratio of 73.23. The business has a 50-day simple moving average of $2.13 and a 200-day simple moving average of $2.28. The firm has a market capitalization of $218.70 million, a PE ratio of -12.73 and a beta of -4.50.

Richtech Robotics (NASDAQ:RR - Get Free Report) last issued its quarterly 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 return on equity of 31.58% and a negative net margin of 281.42%. The business had revenue of $1.17 million for the quarter, compared to the consensus estimate of $1.91 million.

Insider Buying and Selling

In other news, COO Phil Zheng sold 105,213 shares of Richtech Robotics stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $2.64, for a total value of $277,762.32. Following the transaction, the chief operating officer directly owned 1,294,787 shares in the company, valued at approximately $3,418,237.68. This trade represents a 7.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 41.30% of the stock is owned by insiders.

Institutional Trading of Richtech Robotics

A number of institutional investors have recently made changes to their positions in RR. Citadel Advisors LLC purchased a new stake in Richtech Robotics during the 4th quarter valued at about $31,000. Private Advisor Group LLC purchased a new stake in Richtech Robotics during the 1st quarter valued at about $25,000. SeaCrest Wealth Management LLC purchased a new stake in Richtech Robotics during the 1st quarter valued at about $29,000. Charles Schwab Investment Management Inc. purchased a new stake in Richtech Robotics during the 1st quarter valued at about $40,000. Finally, NTV Asset Management LLC purchased a new stake in Richtech Robotics during the 1st quarter valued at about $50,000. 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.