Look Past The Setbacks And Give Richtech Robotics Inc. (NASDAQ: RR) Another Chance

Richtech Robotics Inc. (NASDAQ:RR) currently has a daily average trading volume of 15.23M but it saw 2438029 shares traded in last market. With a market cap of 63.86M USD, the company’s current market price of $0.71 came falling about -1.10 while comparing to the previous closing price of $0.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.29 and as low as $0.30. In the recent trading on the day, stock has struck highest price mark of $0.7 while lowest mark touched by it was $0.7451.

Taking a look at 20-day trading activity of Richtech Robotics Inc. (RR) gives us an average price of $0.7548, while its current price level is -94.24% below from 52-week high level whereas it is 134.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9090 while that of 200 days or SMA-200 reads an average of $1.8510. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.15% during that period while stretching the period over a month that increases to 13.77%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.85 which implies that the stock is in neutral territory.

Over the week, RR’s stock price is moving -0.37% down while it is -21.31% when we observe its performance for the past one month. Year-to-date it is -88.11% down and over the past year.

Currently, Richtech Robotics Inc.’s total number of outstanding shares is 90.28M. Company’s return on investment (ROI) stands at -31.37% and return on equity (ROE) at -51.43%. Stock has a price to book (P/B) ratio of 5.43 while price to sale or P/S ratio amounts to 7.01. Its return on asset (ROA) is -34.67% on average.