Shares of Richtech Robotics Inc. (NASDAQ:RR – Get Free Report) were up 7.1% on Thursday . The stock traded as high as $2.61 and last traded at $2.6350. Approximately 1,548,953 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 19,214,494 shares. The stock had previously closed at $2.46.
Analysts Set New Price Targets
RR has been the topic of a number of analyst reports. HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Richtech Robotics in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Richtech Robotics in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded Richtech Robotics from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.
Read Our Latest Stock Report on Richtech Robotics
Richtech Robotics Price Performance
Hedge Funds Weigh In On Richtech Robotics
A number of institutional investors have recently made changes to their positions in RR. Vanguard Group Inc. raised its holdings in shares of Richtech Robotics by 164.0% in the third quarter. Vanguard Group Inc. now owns 4,612,887 shares of the company’s stock worth $19,789,000 after acquiring an additional 2,865,386 shares during the last quarter. State Street Corp raised its holdings in shares of Richtech Robotics by 99.7% in the fourth quarter. State Street Corp now owns 4,446,247 shares of the company’s stock worth $14,361,000 after acquiring an additional 2,219,849 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Richtech Robotics by 738.8% in the first quarter. Bank of America Corp DE now owns 1,847,776 shares of the company’s stock worth $3,862,000 after acquiring an additional 1,627,482 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Richtech Robotics by 73.5% in the fourth quarter. Geode Capital Management LLC now owns 3,586,863 shares of the company’s stock worth $11,589,000 after acquiring an additional 1,519,613 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Richtech Robotics by 412.2% in the fourth quarter. UBS Group AG now owns 1,804,574 shares of the company’s stock worth $5,829,000 after acquiring an additional 1,452,236 shares during the last quarter. 0.01% of the stock is owned by institutional investors and hedge funds.
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.
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