Stock Traders Buy Large Volume of Richtech Robotics Call Options (NASDAQ:RR)

Richtech Robotics Inc. (NASDAQ:RR) was the target of unusually large options trading on Wednesday. Stock investors acquired 53,114 call options on the company. This represents an increase of approximately 62% compared to the typical daily volume of 32,740 call options.

Insiders Place Their Bets

In related news, insider Matthew G. Casella sold 12,500 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $2.68, for a total transaction of $33,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 19.79% of the stock is owned by corporate insiders.

Institutional Trading of Richtech Robotics

Institutional investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Richtech Robotics in the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Richtech Robotics during the fourth quarter worth approximately $26,000. Principal Financial Group Inc. bought a new stake in Richtech Robotics in the first quarter worth approximately $27,000. Griffin Asset Management Inc. bought a new stake in Richtech Robotics in the first quarter worth approximately $29,000. Finally, Axxcess Wealth Management LLC bought a new stake in Richtech Robotics in the fourth quarter worth approximately $32,000. Institutional investors own 0.01% of the company’s stock.

Richtech Robotics Trading Up 11.1%

RR stock traded up $0.29 during trading on Wednesday, hitting $2.86. The company had a trading volume of 22,475,942 shares, compared to its average volume of 19,742,541. The business has a 50-day moving average of $2.33 and a 200-day moving average of $3.23. Richtech Robotics has a one year low of $1.71 and a one year high of $7.43. The stock has a market cap of $614.11 million, a PE ratio of -20.32 and a beta of -1.34.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RR shares. Wall Street Zen lowered Richtech Robotics from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Richtech Robotics in a report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Richtech Robotics in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.00.

Richtech Robotics Company Profile

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.