Richtech Robotics (NASDAQ:RR) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Richtech Robotics (NASDAQ:RR) from a hold rating to a sell rating in a report issued on Sunday morning.

Several other equities research analysts also recently commented on RR. HC Wainwright increased 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Richtech Robotics in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Richtech Robotics presently has an average rating of “Hold” and a consensus price target of $4.50.

Richtech Robotics Price Performance

Shares of NASDAQ RR opened at $5.44 on Friday. The business has a 50-day moving average of $3.94 and a 200-day moving average of $2.70. The stock has a market capitalization of $815.40 million, a price-to-earnings ratio of -32.00 and a beta of -4.14. Richtech Robotics has a fifty-two week low of $0.52 and a fifty-two week high of $7.43.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $1.18 million during the quarter, compared to analysts’ expectations of $1.42 million. Richtech Robotics had a negative return on equity of 23.85% and a negative net margin of 366.21%.

Insiders Place Their Bets

In other Richtech Robotics news, COO Phil Zheng sold 100,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $5,110,000. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 25.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of Richtech Robotics during the first quarter worth $25,000. ProShare Advisors LLC bought a new position in Richtech Robotics during the second quarter worth about $28,000. Delos Wealth Advisors LLC acquired a new stake in Richtech Robotics in the 2nd quarter worth about $29,000. RiverGlades Family Offices LLC acquired a new stake in Richtech Robotics in the 2nd quarter worth about $32,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Richtech Robotics in the 2nd quarter valued at about $33,000. 0.01% of the stock is 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.