Richtech Robotics Inc. - Class B Common Stock (RR)
1.8600
-0.0700 (-3.63%)
NASDAQ · Last Trade: Aug 6th, 7:14 PM EDT
Detailed Quote
Previous Close
1.930
Open
1.920
Bid
1.850
Ask
1.860
Day's Range
1.840 - 1.920
52 Week Range
0.3022 - 5.200
Volume
3,486,152
Market Cap
129.61M
PE Ratio (TTM)
-12.40
EPS (TTM)
-0.1
Dividend & Yield
N/A (N/A)
1 Month Average Volume
8,384,193
Chart
About Richtech Robotics Inc. - Class B Common Stock (RR)
Richtech Robotics Inc. is a company that specializes in the development and application of advanced robotics technologies to enhance automation across various industries. The firm focuses on creating innovative robotic solutions that improve operational efficiency, streamline processes, and enhance productivity for its clients. By leveraging cutting-edge technologies such as artificial intelligence, machine learning, and sensor integration, Richtech Robotics aims to deliver state-of-the-art robotic systems that cater to a diverse range of sectors, including manufacturing, logistics, and healthcare. The company is dedicated to driving the future of automation while ensuring that its products contribute positively to workforce dynamics and operational excellence. Read More
NetworkNewsWire Editorial Coverage : The hospitality industry is rapidly evolving as artificial intelligence (“AI”) and robotics bring sweeping change. Hotels that implement automation are seeing operational costs drop by 30%–40%, along with enhanced guest satisfaction and stronger revenue strategies. The AI-driven hospitality market is projected to surge to $1.46 billion by 2029 with an impressive 57.8% compound annual growth rate (“CAGR”), while the broader hospitality robotics sector is anticipated to expand from $24.38 billion in 2024 to $107.24 billion by 2034. At the forefront of this transformation is Nightfood Holdings Inc. (NGTF) ( Profile ), an innovator in hospitality that fuses hotel ownership with a Robotics-as-a-Service (“RaaS”) business model powered by AI. The company recently disclosed plans to purchase a 155-room Holiday Inn in Victorville, California, marking its debut model property featuring guest-facing robots such as food runners and laundry assistants, developed by NGTF subsidiary Skytech Automated Solutions. Nightfood also partnered with Bear Robotics to roll out these automation solutions across its entire hotel portfolio, which is expected to grow to $80 million in assets. This positions Nightfood alongside other leaders in the hospitality, food and robotics space, including Starbucks Corp. (NASDAQ: SBUX), Domino’s Pizza Inc. (NASDAQ: DPZ), Airbnb Inc. (NASDAQ: ABNB) and…
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Richtech Robotics (NASDAQ: RR) offers attractive opportunity to invest in rising demand for service robotics, according to analyst Scott Buck. Buy rating and $3.50 price target. RaaS model and improving financial performance make it a strong buy.
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