small-cap

Technical Analysis on One NASDAQ-Listed Stocks – RR

Dec 16, 2024 | Team Kalkine

Read Time :10 Mins

Technical Analysis on One NASDAQ-Listed Stocks – RR — Image source: shutterstock

RR:NASDAQ

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (US$)

Company Overview: Richtech Robotics Inc., (NASDAQ: RR) headquartered in Las Vegas, offers innovative collaborative robotic solutions tailored to the service industry, with a focus on sectors such as hospitality and healthcare. The company specializes in developing robots that enhance efficiency and improve service delivery in these dynamic fields. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

Latest Update: On October 17, 2024, Richtech Robotics Inc. announced an expansion of its restaurant operations model through a binding Letter of Intent (LOI) with Ghost Kitchens America. As part of the agreement, Richtech Robotics will acquire exclusive rights to operate 20 Walmart-based restaurants in Arizona, Colorado, and Texas. These locations will be managed by the company’s subsidiary, AlphaMax Management LLC, with a focus on enhancing operations using robotics and AI cloud technology.

Financial Update: For the nine months ending June 30, 2024, total revenue was approximately $3.715 million, compared to $3.364 million for the same period in 2023. This represents an increase of 11%, driven by the continued expansion of its customer base and a shift in its sales strategy. For the nine months ending June 30, 2024, gross profit as a percentage of total revenue was approximately 62%, up from about 55% for the same period in 2023. For the nine months ending June 30, 2024, net cash used in operating activities totaled approximately $2.121 million. This was mainly due to a net loss of around $5.181 million, partially offset by a $3.060 million increase in net operating assets and liabilities.

RR’s Technical Analysis:

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Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

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