Richtech Robotics (NASDAQ:RR) Trading Down 2.4% - What's Next?

Key Points

• Richtech Robotics' stock price decreased by 2.4% to $4.10, alongside a significant trading volume increase of 213% compared to its average daily volume.
• Analysts provide mixed ratings, with Wall Street Zen downgrading the stock to "sell", while HC Wainwright maintains a "buy" rating and raised the price target to $6.00.
• The company reported a negative net margin of 366.21% for the last quarter and achieved revenue of $1.18 million, underperforming against analysts' estimates.

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report)'s share price was down 2.4% on Monday . The company traded as low as $4.06 and last traded at $4.10. Approximately 54,295,918 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 17,341,088 shares. The stock had previously closed at $4.20.

Analyst Ratings Changes

A number of analysts have recently weighed in on RR shares. Wall Street Zen downgraded shares of Richtech Robotics from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. HC Wainwright lifted their price target on shares of Richtech Robotics from $3.50 to $6.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $4.50.

Richtech Robotics Stock Down 2.4%

The stock has a market cap of $614.55 million, a price-to-earnings ratio of -24.12 and a beta of -4.49. The stock's 50 day moving average price is $2.76 and its two-hundred day moving average price is $2.31.

Richtech Robotics (NASDAQ:RR - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.04) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.04). The firm had revenue of $1.18 million for the quarter, compared to analyst estimates of $1.42 million. Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%.

Insider Buying and Selling at Richtech Robotics

In other news, COO Phil Zheng sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $5.11, for a total transaction of $511,000.00. Following the completion of the sale, the chief operating officer owned 1,000,000 shares in the company, valued at $5,110,000. This trade represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Richtech Robotics

A number of institutional investors have recently made changes to their positions in RR. Private Advisor Group LLC acquired a new stake in shares of Richtech Robotics during the first quarter valued at about $25,000. ProShare Advisors LLC acquired a new stake in shares of Richtech Robotics during the second quarter valued at about $28,000. SeaCrest Wealth Management LLC acquired a new position in shares of Richtech Robotics in the first quarter valued at approximately $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Richtech Robotics in the second quarter valued at approximately $29,000. Finally, Citadel Advisors LLC purchased a new stake in Richtech Robotics during the 4th quarter worth approximately $31,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

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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