Richtech Robotics’ (RR) “Buy” Rating Reiterated at HC Wainwright

Richtech Robotics (NASDAQ:RR)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $6.00 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 55.44% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Richtech Robotics in a research note on Monday, December 22nd. Wall Street Zen lowered Richtech Robotics from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Richtech Robotics presently has a consensus rating of “Hold” and a consensus target price of $4.50.

Richtech Robotics Trading Down 0.5%

Shares of NASDAQ RR opened at $3.86 on Wednesday. Richtech Robotics has a 12-month low of $1.37 and a 12-month high of $7.43. The company has a market cap of $578.59 million, a price-to-earnings ratio of -22.70 and a beta of -3.63. The stock’s 50 day simple moving average is $3.64 and its 200 day simple moving average is $3.58.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings data on Tuesday, January 20th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%.

Institutional Investors Weigh In On Richtech Robotics

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in shares of Richtech Robotics in the 3rd quarter worth approximately $38,000. Sovereign Financial Group Inc. acquired a new stake in Richtech Robotics in the 3rd quarter valued at about $43,000. Virtue Capital Management LLC bought a new position in shares of Richtech Robotics in the third quarter worth about $43,000. Rathbones Group PLC acquired a new stake in shares of Richtech Robotics in the third quarter valued at approximately $44,000. Finally, Traynor Capital Management Inc. acquired a new position in Richtech Robotics during the 4th quarter worth $34,000. 0.01% of the stock is owned by institutional investors and hedge funds.

About Richtech Robotics

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.