SS Innovations International (NASDAQ:SSII) Stock Price Up 7.5% – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price shot up 7.5% during trading on Tuesday. The stock traded as high as $2.77 and last traded at $2.8710. Approximately 3,100 shares were traded during trading, a decline of 96% from the average daily volume of 70,945 shares. The stock had previously closed at $2.67.

Analyst Upgrades and Downgrades

SSII has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Stock Down 0.4%

The firm has a market cap of $553.06 million, a PE ratio of -46.00 and a beta of -1.79. The business has a 50 day simple moving average of $3.44 and a two-hundred day simple moving average of $3.85.

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

Insiders Place Their Bets

In other SS Innovations International news, CEO Srivastava Sudhir sold 33,333 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.00, for a total value of $99,999.00. Following the completion of the sale, the chief executive officer directly owned 108,520,928 shares of the company’s stock, valued at $325,562,784. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On SS Innovations International

Hedge funds have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. raised its stake in shares of SS Innovations International by 47.7% during the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after acquiring an additional 5,400 shares in the last quarter. Eversept Partners LP purchased a new stake in shares of SS Innovations International in the fourth quarter valued at approximately $428,000. Finally, Inspire Investing LLC grew its stake in SS Innovations International by 26.4% in the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares in the last quarter.

About SS Innovations International

SS Innovations International Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal platform, the SSI MANTRA surgical robotic system, is designed to support minimally invasive procedures by providing surgeons with enhanced visualization, precision and instrument control.

The company also develops related surgical instruments, accessories and technologies intended for use across a range of specialties. Its products are aimed at hospitals and surgical teams seeking robotic assistance for procedures while supporting operating-room efficiency and improved patient care.

SS Innovations was founded by Dr.