Vicarious Surgical (NYSE:RBOT) Stock Price Up 27.7% – Still a Buy?

Vicarious Surgical Inc. (NYSE:RBOT) shares shot up 27.7% during mid-day trading on Wednesday . The company traded as high as $3.66 and last traded at $3.3210. 1,188,777 shares changed hands during mid-day trading, an increase of 1,415% from the average session volume of 78,467 shares. The stock had previously closed at $2.60.

Wall Street Analyst Weigh In

Several research firms have commented on RBOT. Weiss Ratings reissued a “sell (e+)” rating on shares of Vicarious Surgical in a research note on Wednesday, October 8th. Piper Sandler decreased their price objective on shares of Vicarious Surgical from $8.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Vicarious Surgical to a “sell” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vicarious Surgical has an average rating of “Reduce” and an average target price of $7.00.

Vicarious Surgical Stock Up 27.7%

The firm has a market capitalization of $21.75 million, a price-to-earnings ratio of -0.37 and a beta of 1.51. The firm’s 50 day moving average is $4.79 and its 200 day moving average is $6.70.

Vicarious Surgical (NYSE:RBOT) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($1.91) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.37) by $0.46. On average, sell-side analysts predict that Vicarious Surgical Inc. will post -10.89 earnings per share for the current year.

Hedge Funds Weigh In On Vicarious Surgical

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Vicarious Surgical by 22.1% during the third quarter. Dimensional Fund Advisors LP now owns 19,975 shares of the company’s stock valued at $110,000 after buying an additional 3,615 shares in the last quarter. Connective Capital Management LLC acquired a new stake in shares of Vicarious Surgical during the third quarter valued at approximately $169,000. Finally, DNB Asset Management AS lifted its position in shares of Vicarious Surgical by 12.1% in the 2nd quarter. DNB Asset Management AS now owns 29,199 shares of the company’s stock valued at $219,000 after acquiring an additional 3,154 shares in the last quarter. Hedge funds and other institutional investors own 47.27% of the company’s stock.

About Vicarious Surgical

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.