SS Innovations International (NASDAQ:SSII) Shares Climb 12.5% – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares were up 12.5% during trading on Monday. The company traded as high as $2.50 and last traded at $2.5310. Approximately 11,636 shares traded hands during trading, a decline of 83% from the average session volume of 69,203 shares. The stock had previously closed at $2.25.

Analyst Ratings Changes

A number of research firms have commented on SSII. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday, October 15th. One research 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 target price of $7.00.

SS Innovations International Stock Performance

The stock’s 50 day simple moving average is $3.08 and its 200-day simple moving average is $3.62. The firm has a market cap of $488.33 million, a price-to-earnings ratio of -40.83 and a beta of -1.79.

SS Innovations International (NASDAQ:SSII) last released its quarterly 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 during the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%.

Insider Buying and Selling

In related news, CEO Srivastava Sudhir sold 33,333 shares of SS Innovations International stock in a transaction on Friday, September 4th. The shares were sold at an average price of $3.00, for a total value of $99,999.00. Following the transaction, the chief executive officer directly owned 108,520,928 shares in the company, valued at $325,562,784. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SS Innovations International stock. Inspire Investing LLC increased its holdings in SS Innovations International, Inc. (NASDAQ:SSII) by 19.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,053 shares of the company’s stock after purchasing an additional 36,756 shares during the quarter. Inspire Investing LLC owned 0.11% of SS Innovations International worth $665,000 at the end of the most recent 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 product is the SSi Mantra surgical robotic system, which is designed to support surgeons in performing minimally invasive procedures across a range of specialties.

The company also develops related surgical instruments, accessories, and technology intended to complement the SSi Mantra platform. Its products are designed to help hospitals expand access to robotic-assisted surgery while supporting precision, visualization, and surgeon control during procedures.

SS Innovations was founded by Dr.