73,197 Shares in Richtech Robotics Inc. (NASDAQ:RR) Purchased by Millennium Management LLC

Millennium Management LLC bought a new position in Richtech Robotics Inc. (NASDAQ:RR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,197 shares of the company’s stock, valued at approximately $198,000. Millennium Management LLC owned about 0.07% of Richtech Robotics at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of Richtech Robotics by 113.0% in the fourth quarter. Jane Street Group LLC now owns 442,248 shares of the company’s stock worth $1,194,000 after purchasing an additional 234,578 shares during the last quarter. Geode Capital Management LLC boosted its position in Richtech Robotics by 93.3% during the 4th quarter. Geode Capital Management LLC now owns 440,760 shares of the company’s stock valued at $1,190,000 after acquiring an additional 212,709 shares in the last quarter. Northern Trust Corp bought a new stake in Richtech Robotics during the 4th quarter valued at approximately $297,000. Renaissance Technologies LLC bought a new stake in Richtech Robotics during the 4th quarter valued at approximately $226,000. Finally, XTX Topco Ltd bought a new stake in Richtech Robotics during the 4th quarter valued at approximately $293,000. 0.01% of the stock is owned by institutional investors.

Richtech Robotics Stock Performance

Richtech Robotics stock opened at $1.99 on Friday. The stock’s 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $2.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 70.11 and a current ratio of 39.74. The stock has a market cap of $227.86 million, a price-to-earnings ratio of -13.27 and a beta of -4.37. Richtech Robotics Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $5.20.

Richtech Robotics (NASDAQ:RR) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%. The company had revenue of $1.17 million during the quarter, compared to the consensus estimate of $1.91 million.

Insider Transactions at Richtech Robotics

In other news, COO Phil Zheng sold 105,213 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $2.64, for a total value of $277,762.32. Following the sale, the chief operating officer now directly owns 1,294,787 shares of the company’s stock, valued at $3,418,237.68. The trade was a 7.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 41.30% of the company’s stock.

Analyst Ratings Changes

RR has been the topic of several research reports. HC Wainwright initiated coverage on Richtech Robotics in a research report on Friday, April 11th. They set a “buy” rating and a $3.50 price objective on the stock. Lake Street Capital initiated coverage on Richtech Robotics in a research report on Tuesday, March 18th. They set a “buy” rating and a $3.00 price objective on the 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.