Richtech Robotics (NASDAQ:RR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Richtech Robotics (NASDAQ:RR) from a hold rating to a sell rating in a report released on Saturday morning.

Several other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Richtech Robotics in a research note on Monday, December 22nd. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Richtech Robotics in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.50.

Richtech Robotics Stock Up 3.5%

Richtech Robotics stock opened at $2.98 on Friday. The firm has a 50 day moving average price of $3.71 and a 200-day moving average price of $3.82. Richtech Robotics has a twelve month low of $1.37 and a twelve month high of $7.43. The company has a market capitalization of $641.00 million, a P/E ratio of -21.29 and a beta of -3.63.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings data on Tuesday, January 20th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Richtech Robotics had a negative return on equity of 10.68% and a negative net margin of 417.41%.The business had revenue of $1.44 million for the quarter, compared to the consensus estimate of $1.31 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its position in shares of Richtech Robotics by 19.2% during the fourth quarter. Squarepoint Ops LLC now owns 104,244 shares of the company’s stock valued at $337,000 after buying an additional 16,824 shares during the period. Mariner LLC purchased a new position in Richtech Robotics during the fourth quarter valued at approximately $101,000. Barclays PLC increased its holdings in Richtech Robotics by 186.8% during the 4th quarter. Barclays PLC now owns 283,688 shares of the company’s stock worth $916,000 after acquiring an additional 184,774 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Richtech Robotics by 91.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 45,804 shares of the company’s stock worth $148,000 after purchasing an additional 21,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Richtech Robotics by 93.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 475,182 shares of the company’s stock valued at $1,535,000 after purchasing an additional 229,949 shares during the period. Hedge funds and other institutional investors 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.