SS Innovations International (NASDAQ:SSII) Sets New 1-Year Low – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII) reached a new 52-week low during trading on Wednesday . The stock traded as low as $3.11 and last traded at $3.10, with a volume of 64303 shares trading hands. The stock had previously closed at $3.30.

Analyst Ratings Changes

A number of research firms recently commented on SSII. Loop Capital set a $7.00 price target on SS Innovations International in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SS Innovations International has a consensus rating of “Sell” and an average target price of $7.00.

SS Innovations International Stock Down 5.6%

The firm has a market capitalization of $624.18 million, a P/E ratio of -51.92 and a beta of -1.94. The business’s 50-day simple moving average is $3.57 and its 200 day simple moving average is $3.97.

SS Innovations International (NASDAQ:SSII) last posted its earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The company had revenue of $13.94 million during the quarter. SS Innovations International had a negative return on equity of 26.77% and a negative net margin of 23.73%.

Insiders Place Their Bets

In related news, CEO Srivastava Sudhir sold 33,333 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $99,999.00. Following the completion of the transaction, the chief executive officer owned 108,520,928 shares in the company, valued at approximately $325,562,784. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On SS Innovations International

Several hedge funds have recently modified their holdings of the business. Eversept Partners LP purchased a new position in SS Innovations International in the 4th quarter worth $428,000. Inspire Investing LLC increased its holdings in shares of SS Innovations International by 26.4% in the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock valued at $523,000 after purchasing an additional 21,851 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of SS Innovations International by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock worth $682,000 after purchasing an additional 10,198 shares during the period. Finally, IFC & Insurance Marketing Inc. boosted its position in SS Innovations International by 47.7% in the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after buying an additional 5,400 shares during the last quarter.

SS Innovations International Company Profile

SS Innovations International, Inc is a medical technology company focused on developing, manufacturing and commercializing robotic-assisted surgical systems. Through its operating business in India, the company offers the SSi Mantra robotic surgery platform, which is designed to support minimally invasive procedures across multiple surgical specialties.

The company’s product portfolio includes the SSi Mantra system, robotic instruments and related accessories, as well as surgical training, installation, maintenance and support services.