Richtech Robotics Target of Unusually Large Options Trading (NASDAQ:RR)

Richtech Robotics Inc. (NASDAQ:RR) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 161,420 call options on the company. This represents an increase of approximately 197% compared to the average volume of 54,410 call options.

Richtech Robotics Stock Performance

Shares of Richtech Robotics stock traded up $1.63 on Tuesday, hitting $5.44. The company had a trading volume of 126,441,451 shares, compared to its average volume of 40,306,289. Richtech Robotics has a 1 year low of $1.37 and a 1 year high of $7.43. The stock has a 50 day moving average of $3.71 and a 200-day moving average of $3.64. The stock has a market capitalization of $816.02 million, a price-to-earnings ratio of -38.54 and a beta of -3.63.

Richtech Robotics (NASDAQ:RR) last announced its quarterly earnings results on Tuesday, January 20th. The company reported ($0.02) earnings per share (EPS) 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 the consensus estimate of $1.31 million. Richtech Robotics had a negative return on equity of 13.08% and a negative net margin of 312.09%.

Hedge Funds Weigh In On Richtech Robotics

Large investors have recently made changes to their positions in the stock. ProShare Advisors LLC purchased a new position in Richtech Robotics during the 2nd quarter valued at about $28,000. Delos Wealth Advisors LLC bought a new position in Richtech Robotics in the second quarter valued at $29,000. RiverGlades Family Offices LLC purchased a new position in shares of Richtech Robotics during the 2nd quarter valued at about $32,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Richtech Robotics in the 2nd quarter worth approximately $33,000. Finally, Traynor Capital Management Inc. purchased a new stake in Richtech Robotics during the fourth quarter valued at about $34,000. 0.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RR. Wall Street Zen raised Richtech Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Richtech Robotics in a research report on Monday, December 22nd. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of Richtech Robotics in a research report on Wednesday, January 21st. Two 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, the company has an average rating of “Hold” and an average target price of $4.50.

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.