Richtech Robotics (NASDAQ:RR) Earns Buy Rating from Analysts at Lake Street Capital

Lake Street Capital assumed coverage on shares of Richtech Robotics (NASDAQ:RR) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $3.00 price target on the stock.

Richtech Robotics Trading Down 15.2 %

NASDAQ RR opened at $1.90 on Tuesday. Richtech Robotics has a 1-year low of $0.30 and a 1-year high of $5.20. The company has a current ratio of 39.74, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $2.44 and a 200-day moving average of $1.55. The firm has a market cap of $212.90 million, a PE ratio of -14.62 and a beta of -7.94.

Richtech Robotics (NASDAQ:RR) last released its earnings results 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 company had revenue of $1.26 million during the quarter.

Insider Activity

In other Richtech Robotics news, President Matthew G. Casella sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 is accessible through this hyperlink. 41.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of Richtech Robotics in the 4th quarter worth approximately $31,000. Global Wealth Management Investment Advisory Inc. bought a new position in shares of Richtech Robotics in the 4th quarter worth approximately $47,000. Arete Wealth Advisors LLC bought a new position in shares of Richtech Robotics in the 4th quarter worth approximately $69,000. Cary Street Partners Financial LLC bought a new position in shares of Richtech Robotics in the 4th quarter worth approximately $92,000. Finally, Two Sigma Investments LP bought a new position in shares of Richtech Robotics in the 4th quarter worth approximately $113,000. Institutional investors own 0.01% of the company’s stock.

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.