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

Richtech Robotics Inc. (NASDAQ:RR) was the target of unusually large options trading activity on Wednesday. Stock traders bought 74,500 call options on the stock. This represents an increase of approximately 48% compared to the typical volume of 50,359 call options.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RR. Wall Street Zen downgraded shares of Richtech Robotics from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Richtech Robotics in a research note on Monday, December 22nd. Finally, HC Wainwright boosted their price objective on Richtech Robotics from $3.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.50.

Richtech Robotics Stock Up 4.5%

Shares of RR opened at $3.23 on Friday. The firm has a market capitalization of $484.14 million, a PE ratio of -19.00 and a beta of -3.61. The firm has a 50-day moving average price of $3.85 and a 200 day moving average price of $3.39. Richtech Robotics has a 52-week low of $1.37 and a 52-week high of $7.43.

Institutional Investors Weigh In On Richtech Robotics

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Richtech Robotics in the 1st quarter worth $459,000. Charles Schwab Investment Management Inc. bought a new position in Richtech Robotics during the first quarter valued at about $40,000. Bogart Wealth LLC acquired a new position in Richtech Robotics during the second quarter worth about $117,000. Vontobel Holding Ltd. bought a new stake in Richtech Robotics in the second quarter worth about $143,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Richtech Robotics in the 2nd quarter valued at about $526,000. 0.01% of the stock is currently 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.