Investment analysts at Lake Street Capital began coverage on shares of Richtech Robotics (NASDAQ:RR - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $3.00 price target on the stock. Lake Street Capital's price target would indicate a potential upside of 32.74% from the stock's previous close.
Richtech Robotics Stock Performance
Shares of RR traded up $0.12 during trading hours on Tuesday, reaching $2.26. 11,435,348 shares of the company traded hands, compared to its average volume of 10,002,277. Richtech Robotics has a 1-year low of $0.30 and a 1-year high of $5.20. The stock has a market cap of $253.24 million, a P/E ratio of -17.38 and a beta of -7.94. The stock's fifty day moving average is $2.39 and its 200 day moving average is $1.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 70.11 and a current ratio of 39.74.
Richtech Robotics (NASDAQ:RR - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $1.26 million during the quarter. Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%.
Insider Transactions at Richtech Robotics
In related news, President Matthew G. Casella sold 60,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 41.30% of the stock is owned by insiders.
Institutional Trading of Richtech Robotics
Several large investors have recently added to or reduced their stakes in RR. Citadel Advisors LLC bought a new stake in Richtech Robotics during the 4th quarter worth about $31,000. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Richtech Robotics during the fourth quarter worth approximately $47,000. Arete Wealth Advisors LLC bought a new stake in shares of Richtech Robotics during the fourth quarter valued at approximately $69,000. Cary Street Partners Financial LLC bought a new stake in shares of Richtech Robotics during the fourth quarter valued at approximately $92,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $113,000. 0.01% of the stock is owned by institutional investors.
Richtech Robotics Company Profile
(
Get Free Report)
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.
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