Richtech Robotics Inc (RR) Is A Buy According To Analysts

Richtech Robotics Inc (NASDAQ:RR) has a beta value of -4.48 and has seen 3.56 million shares traded in the last trading session. The company, currently valued at $210.09M, closed the last trade at $1.83 per share which meant it gained $0.01 on the day or 0.55% during that session. The RR stock price is -184.15% off its 52-week high price of $5.20 and 83.61% above the 52-week low of $0.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.64 million shares traded. The 3-month trading volume is 9.37 million shares.

The consensus among analysts is that Richtech Robotics Inc (RR) is Sell stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.

Richtech Robotics Inc (NASDAQ:RR) trade information

Sporting 0.55% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RR stock price touched $1.83 or saw a rise of 5.18%. Year-to-date, Richtech Robotics Inc shares have moved 52.50%, while the 5-day performance has seen it change -1.61%. Over the past 30 days, the shares of Richtech Robotics Inc (NASDAQ:RR) have changed -9.85%. Short interest in the company has seen 17.29 million shares shorted with days to cover at 1.19.

Richtech Robotics Inc (RR) estimates and forecasts

The company’s shares have lost -42.09% over the past 6 months.

RR Dividends

Richtech Robotics Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Richtech Robotics Inc (NASDAQ:RR)’s Major holders

Insiders own 3.88% of the company shares, while shares held by institutions stand at 11.40% with a share float percentage of 11.86%. Investors are also buoyed by the number of investors in a company, with Richtech Robotics Inc having a total of 64.0 institutions that hold shares in the company. The top two institutional holders are RENAISSANCE TECHNOLOGIES LLC with over 0.11 million shares worth more than $0.14 million. As of 2024-06-30, RENAISSANCE TECHNOLOGIES LLC held 0.1556% of shares outstanding.

The other major institutional holder is GEODE CAPITAL MANAGEMENT, LLC, with the holding of over 42579.0 shares as of 2024-06-30. The firm’s total holdings are worth over $55778.0 and represent 0.0611% of shares outstanding.

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