Investors Purchase Large Volume of Call Options on Richtech Robotics (NASDAQ:RR)

Richtech Robotics Inc. (NASDAQ:RR) saw unusually large options trading activity on Wednesday. Investors bought 53,114 call options on the stock. This is an increase of approximately 62% compared to the typical volume of 32,740 call options.

Richtech Robotics Stock Up 11.1%

NASDAQ:RR traded up $0.29 on Wednesday, hitting $2.86. The stock had a trading volume of 22,475,942 shares, compared to its average volume of 19,742,541. The business’s fifty day moving average is $2.33 and its 200 day moving average is $3.23. The company has a market cap of $614.11 million, a PE ratio of -20.32 and a beta of -1.34. Richtech Robotics has a 52 week low of $1.71 and a 52 week high of $7.43.

Insider Activity at Richtech Robotics

In other news, insider Matthew G. Casella sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $2.68, for a total transaction of $33,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new position in Richtech Robotics during the first quarter worth $25,000. Summit Securities Group LLC bought a new stake in Richtech Robotics during the 4th quarter worth approximately $26,000. Principal Financial Group Inc. bought a new stake in Richtech Robotics during the 1st quarter worth approximately $27,000. Griffin Asset Management Inc. bought a new stake in Richtech Robotics during the 1st quarter worth approximately $29,000. Finally, Axxcess Wealth Management LLC bought a new stake in Richtech Robotics during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of Richtech Robotics from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. HC Wainwright reiterated a “buy” rating and set 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 equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.