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

Analysts at HC Wainwright initiated coverage on shares of Richtech Robotics (NASDAQ:RR - Get Free Report) in a research note issued to investors on Friday, MarketBeat reports. The firm set a "buy" rating and a $3.50 price target on the stock. HC Wainwright's target price indicates a potential upside of 79.49% from the stock's previous close.

Separately, Lake Street Capital initiated coverage on shares of Richtech Robotics in a research report on Tuesday, March 18th. They set a "buy" rating and a $3.00 price target on the stock.

Richtech Robotics Stock Down 2.5 %

Richtech Robotics stock traded down $0.05 during midday trading on Friday, hitting $1.95. 1,863,125 shares of the stock were exchanged, compared to its average volume of 10,448,894. The company has a debt-to-equity ratio of 0.01, a current ratio of 39.74 and a quick ratio of 70.11. The company has a 50 day moving average price of $2.09 and a two-hundred day moving average price of $1.70. The firm has a market cap of $218.50 million, a P/E ratio of -15.00 and a beta of -5.42. Richtech Robotics has a 1 year low of $0.30 and a 1 year high of $5.20.

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

Insider Activity at Richtech Robotics

In other Richtech Robotics news, President Matthew G. Casella sold 60,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.67, for a total transaction of $100,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 41.30% of the company's stock.

Institutional Investors Weigh In On Richtech Robotics

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of Richtech Robotics during the fourth quarter worth approximately $31,000. SeaCrest Wealth Management LLC bought a new stake in Richtech Robotics during the first quarter worth approximately $29,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Richtech Robotics during the fourth quarter valued at approximately $47,000. Arete Wealth Advisors LLC bought a new position in shares of Richtech Robotics in the fourth quarter valued at approximately $69,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Richtech Robotics in the fourth quarter worth $92,000. 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.