Richtech Robotics Inc. (NASDAQ: RR) Trading under Its 20 Day MA ($0.9686), Why Showing An Interesting Price Pattern?

Richtech Robotics Inc. (NASDAQ:RR) does about 14.71M shares in volume on a normal day but saw 5695169 shares change hands in the recent trading day. The company now has a market cap of 83.81M USD. Its current market price is $0.91, marking an increase of 6.06% compared to the previous close of $0.85. The 52 week high reached by this stock is $12.29 whilst the lowest price level in 52 weeks is $0.30.

Richtech Robotics Inc. (RR) has a 20-day trading average at $0.9686 and the current price is -92.63% off the 52-week high compared with 199.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0582 and its 200-day simple moving average is $2.1450. If we look at the stock’s price movements over the week, volatility stands at 19.44%, which decreases to 16.84% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.48 to suggest the stock is neutral.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Sell.

The current price level is -9.00%, -14.85%, and -58.16% away from its SMA20, SMA50, and SMA200 respectively, with the RR price moving above the 50-day SMA on current market day. Richtech Robotics Inc. (RR) stock is up 18.26% over the week and -37.51% over the past month. Its price is -84.77% year-to-date.

The company has a return on investment of -31.37% and return on equity of -51.43%. Price to book ratio is 6.95 and price to sales ratio is 9.20.