Richtech Robotics (NASDAQ:RR - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.
A number of other research firms also recently issued reports on RR. Wall Street Zen downgraded shares of Richtech Robotics from a "hold" rating to a "sell" rating in a research note on Sunday, October 19th. HC Wainwright raised their price target 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 issued a Sell rating to the stock. Based on data from MarketBeat, Richtech Robotics has a consensus rating of "Hold" and a consensus target price of $4.50.
Check Out Our Latest Stock Analysis on RR
Richtech Robotics Trading Up 12.2%
Shares of NASDAQ:RR traded up $0.66 on Friday, reaching $6.08. 35,786,340 shares of the company traded hands, compared to its average volume of 59,026,880. The business's 50-day simple moving average is $4.28 and its 200 day simple moving average is $2.83. The stock has a market capitalization of $911.33 million, a P/E ratio of -35.76 and a beta of -4.14. Richtech Robotics has a 52 week low of $0.52 and a 52 week high of $7.43.
Richtech Robotics (NASDAQ:RR - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.04). Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%. The business had revenue of $1.18 million during the quarter, compared to the consensus estimate of $1.42 million.
Insider Activity
In related 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 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 approximately $5,110,000. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 25.70% of the stock is owned by company insiders.
Institutional Investors Weigh In On Richtech Robotics
Several institutional investors and hedge funds have recently made changes to their positions in RR. Private Advisor Group LLC bought a new stake in shares of Richtech Robotics during the first quarter valued at about $25,000. ProShare Advisors LLC bought a new position in Richtech Robotics in the 2nd quarter worth approximately $28,000. Delos Wealth Advisors LLC bought a new stake in shares of Richtech Robotics during the second quarter valued at approximately $29,000. RiverGlades Family Offices LLC bought a new stake in Richtech Robotics in the second quarter valued at $32,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Richtech Robotics during the second quarter valued at $33,000. 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.
Further Reading
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