Richtech Robotics (NASDAQ:RR) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Richtech Robotics (NASDAQ:RR) in a research note released on Wednesday,Benzinga reports. HC Wainwright currently has a $6.00 price objective on the stock.

A number of other brokerages also recently weighed in on RR. Wall Street Zen downgraded shares of Richtech Robotics from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Richtech Robotics in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.50.

Richtech Robotics Trading Up 13.0%

Shares of Richtech Robotics stock opened at $4.36 on Wednesday. The stock has a market capitalization of $653.52 million, a price-to-earnings ratio of -31.14 and a beta of -3.63. The firm has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $3.58. Richtech Robotics has a 1-year low of $1.37 and a 1-year high of $7.43.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings data on Tuesday, January 20th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $1.44 million during the quarter, compared to analysts’ expectations of $1.31 million. Richtech Robotics had a negative return on equity of 23.85% and a negative net margin of 366.21%.

Hedge Funds Weigh In On Richtech Robotics

Several hedge funds and other institutional investors have recently made changes to their positions in RR. ProShare Advisors LLC acquired a new position in Richtech Robotics during the second quarter valued at approximately $28,000. Delos Wealth Advisors LLC bought a new position in shares of Richtech Robotics in the 2nd quarter valued at $29,000. RiverGlades Family Offices LLC bought a new position in shares of Richtech Robotics in the 2nd quarter valued at $32,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Richtech Robotics during the 2nd quarter worth $33,000. Finally, Traynor Capital Management Inc. acquired a new position in shares of Richtech Robotics during the 4th quarter worth $34,000. 0.01% of the stock is currently 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.