Streetbeat News

Richtech Robotics Inc. Class B Common Stock

https://www.richtechrobotics.com

Industry

Industrial - Machinery

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. It primarily serves restaurants, hotels, casinos, senior living centers, factories, and retail centers, as well as hospitals, and movie theaters. The company was formerly known as Richtech Creative Displays LLC and changed its name to Richtech Robotics Inc. on June 22, 2022. Richtech Robotics Inc. was incorporated in 2016 and is headquartered in Las Vegas, Nevada.

Open

0.55

Mkt cap

54M

Volume

401K

High

0.57

P/E Ratio

-14.02

52-wk high

12.29

Low

0.55

Div yield

N/A

52-wk low

0.30

Richtech Robotics (NYSE:RR) has seen a significant increase in short interest, with a 485.23% rise since its last report. The company now has 2.02 million shares sold short, representing 8.72% of its float. This is higher than the peer group average of 4.18%, indicating bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 1:15 pm

Several industrial stocks experienced significant price movements during Monday's intraday session. Notable gainers included SIFCO Industries, Safe & Green Holdings, and Antelope Enterprises Holdings, while GrafTech International and Laser Photonics were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 4:30 pm

In Monday's pre-market session, Intuitive Machines (LUNR) led the gainers with a 23.6% increase, while Solidion Technology (STI) saw the largest decline at 14.5%. Other notable movers include Simpple (SPPL), Multi Ways Holdings (MWG), and Laser Photonics (LASE), which reported earnings recently.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 12:05 pm

Richtech Robotics shares are trading lower following the announcement of an upsized $21 million offering.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:48 pm

Richtech Robotics has announced a $21 million public offering of approximately 15.6 million shares and warrants, priced at $1.35 each. The warrants are exercisable immediately and expire in five years. The company plans to use the proceeds for working capital, product development, and inventory procurement.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:12 am

Richtech Robotics Inc. (NASDAQ:RR) shares have surged nearly 90% over the past five days, driven by the installation of its ADAM humanoid drink robot at a Walmart location and a teaser for a new product. The stock is experiencing heavy trading volume, but its RSI indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 3:41 pm

U.S. stocks rose with the Dow Jones gaining 100 points. PDD Holdings reported weaker-than-expected revenue, causing its shares to drop 24%. Energy shares climbed, while consumer discretionary shares fell slightly. Medirom Healthcare, Prestige Wealth, and Richtech Robotics saw significant stock price increases.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 1:41 pm

Richtech Robotics has released a teaser video on X, hinting at a significant upcoming announcement. The company has not disclosed details, but the promotional content suggests a major development.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:01 pm

Richtech Robotics Inc. (NASDAQ:RR) shares surged 43% after announcing the installation of its ADAM humanoid drink robot at a Walmart in Rockford, Illinois. This marks the second installation in a planned rollout across 240 One Kitchen locations in the U.S., potentially generating new revenue streams.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 6:22 pm

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