Richtech Robotics’ (RR) Sell (E+) Rating Reiterated at Weiss Ratings

Richtech Robotics (NASDAQ:RR)‘s stock had its “sell (e+)” rating reissued by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the company. HC Wainwright boosted their target price on Richtech Robotics from $3.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Wall Street Zen downgraded Richtech Robotics from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.50.

Richtech Robotics Trading Down 3.5%

Shares of NASDAQ RR opened at $6.81 on Wednesday. Richtech Robotics has a 12 month low of $0.52 and a 12 month high of $7.43. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -40.06 and a beta of -4.14. The business has a 50-day moving average of $3.34 and a 200-day moving average of $2.51.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $1.18 million during the quarter, compared to analyst estimates 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 business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $5.11, for a total value 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. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 25.70% of the company’s stock.

Institutional Trading of Richtech Robotics

Several hedge funds and other institutional investors have recently bought and sold shares of RR. Citadel Advisors LLC bought a new stake in Richtech Robotics in the fourth quarter valued at approximately $31,000. Millennium Management LLC bought a new stake in Richtech Robotics in the fourth quarter valued at approximately $198,000. Two Sigma Investments LP bought a new stake in Richtech Robotics in the fourth quarter valued at approximately $113,000. Cambridge Investment Research Advisors Inc. bought a new stake in Richtech Robotics in the first quarter valued at approximately $51,000. Finally, NTV Asset Management LLC bought a new stake in Richtech Robotics in the first quarter valued at approximately $50,000. Institutional investors own 0.01% of the company’s stock.

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.