Vicarious Surgical Inc (NYSE:RBOT – Get Free Report)’s share price was down 11.6% during trading on Friday . The stock traded as low as $8.30 and last traded at $8.30. Approximately 6,349 shares changed hands during trading, a decline of 68% from the average daily volume of 19,536 shares. The stock had previously closed at $9.39.
Wall Street Analyst Weigh In
Separately, Piper Sandler reduced their target price on Vicarious Surgical from $45.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th.
View Our Latest Stock Analysis on Vicarious Surgical
Vicarious Surgical Stock Down 8.5 %
Vicarious Surgical (NYSE:RBOT – Get Free Report) last posted its earnings results on Monday, April 29th. The company reported ($2.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.00) by $0.30. Equities analysts forecast that Vicarious Surgical Inc will post -0.36 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. SRS Capital Advisors Inc. increased its holdings in shares of Vicarious Surgical by 215.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 87,905 shares of the company’s stock valued at $32,000 after purchasing an additional 60,000 shares during the period. DDD Partners LLC grew its holdings in Vicarious Surgical by 4.2% during the fourth quarter. DDD Partners LLC now owns 6,623,192 shares of the company’s stock worth $2,429,000 after acquiring an additional 269,523 shares during the period. Hudson Bay Capital Management LP acquired a new position in Vicarious Surgical during the third quarter worth about $207,000. Seven Grand Managers LLC acquired a new position in Vicarious Surgical during the third quarter worth about $295,000. Finally, Regal Partners Ltd acquired a new position in Vicarious Surgical during the third quarter worth about $390,000. 47.27% of the stock is owned by institutional investors and hedge funds.
Vicarious Surgical Company Profile
Vicarious Surgical Inc operates as a robotics technology company in the United States. The company focuses on developing and commercializing Vicarious System, a single-incision surgical robot that virtually transports surgeons inside the patient to perform minimally invasive surgery. Vicarious Surgical Inc was incorporated in 2014 and is headquartered in Waltham, Massachusetts.
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