SS Innovations International (NASDAQ:SSII) Stock Jumps 8.8% – Here’s Why

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price rose 8.8% on Monday. The stock traded as high as $2.51 and last traded at $2.5570. 19,758 shares were traded during trading, a decline of 71% from the average daily volume of 69,319 shares. The stock had previously closed at $2.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average price target of $7.00.

SS Innovations International Trading Up 1.9%

The firm has a market capitalization of $479.91 million, a price-to-earnings ratio of -39.18 and a beta of -1.51. The stock has a fifty day moving average of $2.96 and a 200-day moving average of $3.90.

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

Insider Transactions at SS Innovations International

In other SS Innovations International news, CEO Srivastava Sudhir sold 33,333 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 108,520,928 shares of the company’s stock, valued at approximately $325,562,784. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On SS Innovations International

A hedge fund recently raised its position in SS Innovations International stock. Inspire Investing LLC lifted its position in SS Innovations International, Inc. (NASDAQ:SSII) by 19.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 223,053 shares of the company’s stock after acquiring an additional 36,756 shares during the quarter. Inspire Investing LLC owned approximately 0.11% of SS Innovations International worth $665,000 as of its most recent filing with the SEC.

SS Innovations International Company Profile

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.