Richtech Robotics (NASDAQ:RR) Trading Down 16% – Time to Sell?

by · The Markets Daily

Richtech Robotics Inc. (NASDAQ:RR – Get Free Report) was down 16% during trading on Thursday . The company traded as low as $4.26 and last traded at $4.2650. Approximately 27,656,011 shares were traded during trading, a decline of 40% from the average daily volume of 45,784,145 shares. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Richtech Robotics in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Richtech Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Richtech Robotics in a research report on Monday, December 22nd. 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, the company presently has a consensus rating of “Hold” and a consensus target price of $4.50.

View Our Latest Stock Analysis on RR

Richtech Robotics Stock Performance

The company has a market cap of $607.20 million, a price-to-earnings ratio of -29.39 and a beta of -3.63. The company has a fifty day moving average of $3.79 and a two-hundred day moving average of $3.68.

Richtech Robotics (NASDAQ:RR – Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $1.44 million for the quarter, compared to analyst estimates of $1.31 million. Richtech Robotics had a negative return on equity of 13.08% and a negative net margin of 312.09%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RR. Concurrent Investment Advisors LLC lifted its holdings in shares of Richtech Robotics by 22.4% during the third quarter. Concurrent Investment Advisors LLC now owns 15,542 shares of the company’s stock valued at $67,000 after purchasing an additional 2,842 shares during the last quarter. DNB Asset Management AS increased its position in shares of Richtech Robotics by 9.9% during the 3rd quarter. DNB Asset Management AS now owns 43,858 shares of the company’s stock valued at $188,000 after purchasing an additional 3,939 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Richtech Robotics by 14.3% during the 3rd quarter. Two Sigma Investments LP now owns 35,473 shares of the company’s stock valued at $152,000 after acquiring an additional 4,429 shares during the period. Delos Wealth Advisors LLC increased its holdings in Richtech Robotics by 30.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 19,500 shares of the company’s stock worth $84,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Richtech Robotics in the third quarter worth about $38,000. Institutional investors own 0.01% of the company’s stock.

Richtech Robotics Company Profile

(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.

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