Richtech Robotics (NASDAQ:RR) Stock Price Down 5.7% - Here's Why

Key Points

• Shares down 5.7% — Richtech Robotics fell to $4.205 with about 5.67 million shares traded (roughly 74% below average), a market cap near $637.8 million, and 50-/200‑day moving averages of $4.65 and $3.22 respectively.
• Analyst sentiment is mixed: two Buy and one Sell produce a consensus "Hold" rating with a $4.50 target, while HC Wainwright recently raised its price objective to $6.00.
• COO Phil Zheng sold 100,000 shares at $5.11 (reducing his stake by 9.09%); insiders still own 19.79% of the stock while institutional ownership is minimal (~0.01%).

Shares of Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) were down 5.7% on Monday . The stock traded as low as $4.21 and last traded at $4.2050. Approximately 5,668,822 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 21,858,928 shares. The stock had previously closed at $4.46.

Wall Street Analysts Forecast Growth

RR has been the subject of several research analyst reports. Wall Street Zen lowered Richtech Robotics from a "hold" rating to a "sell" rating in a research report on Sunday, October 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Richtech Robotics in a research report on Monday, December 1st. Finally, HC Wainwright lifted their price objective on shares of Richtech Robotics from $3.50 to $6.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Two research 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.com, Richtech Robotics presently has a consensus rating of "Hold" and a consensus target price of $4.50.

Richtech Robotics Price Performance

The stock has a market cap of $637.78 million, a P/E ratio of -25.03 and a beta of -3.79. The stock's 50-day moving average is $4.65 and its two-hundred day moving average is $3.22.

Insider Buying and Selling at Richtech Robotics

In other news, COO Phil Zheng sold 100,000 shares of Richtech Robotics 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 sale, the chief operating officer directly owned 1,000,000 shares of the company's stock, valued at approximately $5,110,000. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Richtech Robotics during the third quarter valued at approximately $38,000. Sovereign Financial Group Inc. bought a new position in shares of Richtech Robotics during the 3rd quarter valued at approximately $43,000. Virtue Capital Management LLC purchased a new stake in Richtech Robotics during the 3rd quarter valued at $43,000. Rathbones Group PLC bought a new stake in Richtech Robotics in the third quarter worth $44,000. Finally, Ausdal Financial Partners Inc. bought a new stake in Richtech Robotics in the third quarter worth $45,000. Hedge funds and other institutional investors 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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