Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) rose 4.6% on Tuesday . The stock traded as high as $4.31 and last traded at $4.29. Approximately 50,496,430 shares changed hands during trading, an increase of 188% from the average daily volume of 17,524,281 shares. The stock had previously closed at $4.10.
Wall Street Analyst Weigh In
RR has been the topic of several recent research reports. Wall Street Zen downgraded Richtech Robotics from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. HC Wainwright raised their price objective on Richtech Robotics from $3.50 to $6.00 and gave the company a "buy" rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Richtech Robotics currently has a consensus rating of "Buy" and a consensus price target of $4.50.
Get Our Latest Analysis on Richtech Robotics
Richtech Robotics Stock Performance
The company has a fifty day simple moving average of $2.80 and a 200 day simple moving average of $2.33. The stock has a market capitalization of $643.03 million, a price-to-earnings ratio of -25.23 and a beta of -4.49.
Richtech Robotics (NASDAQ:RR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.04) EPS for the quarter, meeting analysts' consensus estimates of ($0.04). Richtech Robotics had a negative return on equity of 23.85% and a negative net margin of 366.21%.The firm had revenue of $1.18 million for the quarter, compared to analyst estimates of $1.42 million.
Insider Activity at Richtech Robotics
In other Richtech Robotics news, COO Phil Zheng sold 100,000 shares of the company's 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 owned 1,000,000 shares in the company, valued at approximately $5,110,000. The trade was a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 25.70% of the company's stock.
Institutional Investors Weigh In On Richtech Robotics
Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of Richtech Robotics in the 4th quarter valued at about $31,000. Private Advisor Group LLC acquired a new stake in Richtech Robotics during the 1st quarter worth about $25,000. ProShare Advisors LLC acquired a new stake in Richtech Robotics during the 2nd quarter worth about $28,000. SeaCrest Wealth Management LLC acquired a new stake in Richtech Robotics during the 1st quarter worth about $29,000. Finally, Delos Wealth Advisors LLC acquired a new stake in Richtech Robotics during the 2nd quarter worth about $29,000. Institutional investors own 0.01% of the company's stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Richtech Robotics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Richtech Robotics wasn't on the list.
While Richtech Robotics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
