Richtech Robotics (NASDAQ:RR) Now Covered by Analysts at HC Wainwright

Research analysts at HC Wainwright assumed coverage on shares of Richtech Robotics (NASDAQ:RR) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set a “buy” rating and a $3.50 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 95.53% from the stock’s previous close.

Separately, Lake Street Capital started coverage on Richtech Robotics in a research report on Tuesday, March 18th. They issued a “buy” rating and a $3.00 price target for the company.

Richtech Robotics Trading Down 6.3 %

Shares of RR opened at $1.79 on Friday. Richtech Robotics has a 52-week low of $0.30 and a 52-week high of $5.20. The stock has a market cap of $200.57 million, a PE ratio of -13.77 and a beta of -5.42. The firm’s fifty day moving average is $2.12 and its two-hundred day moving average is $1.68. The company has a quick ratio of 70.11, a current ratio of 39.74 and a debt-to-equity ratio of 0.01.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $1.26 million for the quarter. Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%.

Insider Activity

In other news, President Matthew G. Casella sold 60,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total value of $100,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 41.30% of the company’s stock.

Institutional Trading of Richtech Robotics

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in Richtech Robotics by 113.0% during the fourth quarter. Jane Street Group LLC now owns 442,248 shares of the company’s stock worth $1,194,000 after buying an additional 234,578 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Richtech Robotics by 93.3% in the 4th quarter. Geode Capital Management LLC now owns 440,760 shares of the company’s stock worth $1,190,000 after acquiring an additional 212,709 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Richtech Robotics by 662.1% during the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company’s stock worth $158,000 after purchasing an additional 163,994 shares during the period. Northern Trust Corp acquired a new stake in Richtech Robotics in the 4th quarter valued at approximately $297,000. Finally, XTX Topco Ltd purchased a new stake in Richtech Robotics in the fourth quarter valued at approximately $293,000. 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.