Richtech Robotics (NASDAQ:RR) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Richtech Robotics (NASDAQ:RR) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

A number of other research firms also recently commented on RR. Wall Street Zen upgraded Richtech Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Richtech Robotics in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Richtech Robotics currently has an average rating of “Hold” and an average target price of $4.50.

Richtech Robotics Trading Up 0.8%

RR stock opened at $3.61 on Monday. The company’s 50-day moving average price is $3.83 and its 200 day moving average price is $3.73. Richtech Robotics has a 52 week low of $1.37 and a 52 week high of $7.43. The company has a market cap of $776.51 million, a P/E ratio of -25.79 and a beta of -3.63.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings results on Tuesday, January 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $1.44 million during the quarter, compared to the consensus estimate of $1.31 million. Richtech Robotics had a negative net margin of 312.09% and a negative return on equity of 13.08%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RR. ProShare Advisors LLC purchased a new position in Richtech Robotics in the 2nd quarter valued at about $28,000. Delos Wealth Advisors LLC acquired a new position in shares of Richtech Robotics in the second quarter valued at approximately $29,000. RiverGlades Family Offices LLC purchased a new position in shares of Richtech Robotics during the second quarter valued at approximately $32,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Richtech Robotics during the second quarter valued at approximately $33,000. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in Richtech Robotics during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.